The following contains information from the records of the Wellborn Engineers and Architects
Wellborn Engineers and Architects
Selected Financial Information
December 31, 2017
Current Assets $90,000
Current Liabilities 30,000
Long-Term Assets 95,000
Long-Term Liabilities 65,000
Total Revenues 50,000
Total Expenses 37,000
Calculate the current ratio. (Round your answer to two decimals.)
A) 1.46
B) 2.28
C) 0.64
D) 3.00
D .Current ratio = Total current assets / Total current liabilities
Current ratio = $90,000 / $30,000 = 3.00
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