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NL Inc Balance sheet information as of 12/31/2021 Assets Cash = $17,050...

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Question

Accounting

NL Inc

Balance sheet information

as of 12/31/2021

Assets

Cash = $17,050

A/R = $73,400

Inventories = $8,500

Total Current assets = $98,950

Property Plant and Equipment = $14,250

Total Assets = $113,200

Liabilities

A/P $25,000

Other current liabilities. $37,500

Long term debt. $54,500

Total liabilities = $117,000

Group of answer choices

.97

1.58

.85

3.96

using the info, what is the curreny ratio for NL inc

Using the information below, what is the current ratio for NL Inc. (if necessary round to the nearest tenth).

NL Inc

Balance sheet information

as of 12/31/2021

Assets

Cash = $17,050

A/R = $73,400

Inventories = $8,500

Total Current assets = $98,950

Property Plant and Equipment = $14,250

Total Assets = $113,200

Liabilities

A/P $25,000

Other current liabilities. $37,500

Long term debt. $54,500

Total liabilities = $117,000

Group of answer choices

.97

1.58

.85

3.96

Answer & Explanation Solved by verified expert
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