What is the current ratio for the year, Accounting Basics

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What is the current ratio for the year

Question: Dr. Troy is analyzing the hospital's yearly outcomes to see if the facility is meeting the current obligations. She decided to use a current ratio to determine the facility's strength. What is the current ratio for the year 2021 based on the assets and liabilities? In Millions 2020 2021 2022 Current Assets 22,000 24,000 10,000 Current Liabilities 30,000 42,000 20,000 Current Ratio a. 2.00 b. 0.57 c. 0.73 d. 0.50

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Accounting Basics: What is the current ratio for the year

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