• Question
  • Solved
  • Share
  • Tweet

Use the following information to compute the current ratio:Total
liabilities $ 18,000
Total assets 200,000
Current assets 80,000
Current liabilities 20,000
Owner's equity 60,000
Net income 120,000
Gross income 340,000



a. 0.25
b. 4.00
c. 4.40
d. 10.00
e. 6.00


  • #1
  • Answer
B

  • #2
Thanks a million!