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  3. a company has $ 100 comma 000 in current assets; $

A company has $ 100 comma 000 in current assets; $ 600 comma 000 in...

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Question

Accounting

A company has

$ 100 comma 000

in current assets;

$ 600 comma 000

in total assets;

$ 70 comma 000

in current liabilities, and

$ 140 comma 000

in total liabilities. Calculate the current ratio of the company. (Round your answer to two decimal places.)

A.

1.7

B.

0.71

C.

1.43

D.

1.94

Answer & Explanation Solved by verified expert
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