Which of the following is the formula for the current ratio?
A. Net income/Net sales
B. Total current assets/Total current liabilities
C. Net sales/Total current liabilities
D. Total current assets - Total current liabilities
E. Net income/Total current assets and liabilities
Answer: B
You might also like to view...
The question "What is your opinion of the measures taken by the government to control inflation?" is an example of a ________ question
A) semantic differential B) word association C) completely unstructured D) story completion E) dichotomous
Asset turnover is most closely associated with a company's liquidity position
Indicate whether the statement is true or false
If one party wants to rely on a limitation clause they must bring it to the attention of the other party at the time the contract was made
Indicate whether the statement is true or false
Fungible goods are goods that are alike naturally or by agreement or trade usage
Indicate whether the statement is true or false