A company has $120,000 in current assets; $600,000 in total assets; $90,000 in current liabilities, and $140,000 in total liabilities. Calculate the current ratio of the company. (Round your answer to two decimals.)
A) 1.33
B) 1.71
C) 1.75
D) 0.86
A .Current ratio = Total current assets / Total current liabilities
Current ratio = $120,000 / $90,000 = 1.33
You might also like to view...
Which of the following is a way in which banks can equalize the time to maturity of their assets and liabilities??
A. ?Securitization B. ?Quantitative easing C. ?Privatization D. ?Credit easing
Which of the following terms best describes the set of products that the customer has no intention of buying?
A) evoked set B) inert set C) purchase set D) latent set
An employee's relative worth can be determined by
A. job analysis. B. labor market conditions. C. wage-rate surveys. D. an effective performance appraisal system.
Which one of the following statements is TRUE?
A. In an agency relationship, the principal delegates decision-making authority to the agent. B. In an agency relationship, the agent delegates authority to the principal. C. An example of an agency relationship is when the CEO nominates a slate of candidates to be on the board of directors. D. An example of an agency relationship is when a supervisor hires a forklift operator. E. The supervisor-employee relation between a production line supervisor and a production line operator is an example of an agency relationship.