12. 1. Ifa company has current assets of $230,000 and current liabilities of $100,000 the company's current ratio is O 23:1 O 1:23 O 230:1

Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels current ratio? a. 3 c. 1 b. 2 d. 0.5

Convex Industries has inventories of $202 million, current assets of $1.30 billion, and current liabilities of $509 million. What is its quick ratio? O A. 2.59 O B. 1.08 C. 2.16 D. 0.86

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PA13. LO 5.3 Using the following Balance Sheet summary information, for the two years presented calculate: A. working capital B. current ratio 12/31/2018 12/31/2019 Current assets $101,600 33,650 $97,350 Current liabilities 32,800

A company has total assets of $350,000 consisting of current assets of $115,000, property, plant, and equipment of $200,000, and other assets of $35,000. The company has total liabilities of $100,000 consisting of current liabilities of $65,000 and other liabilities of $35,000. What is the current ratio? Oa. 5.38 Оb. 3.50 Oc. 1.77 Od. 1.15