A BUSINESS HAS CURRENT ASSETS OF $80,000 AND CURRENT LIABILITIES OF $40,000. WHAT IS ITS CURRENT RATIO? A) 1.0 B) 1.5 C) 2.0 D) 2.5
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- If a company has current assets of $50,000 and current liabilities of $25,000, what is the current ratio?A. 0.5B. 1.5C. 2.0D. 2.5What is the current ratio if a company has current assets of $150,000 and current liabilities of $100,000? a) 0.67 b) 1.5 c) 2.0 d) 1.33A company has current assets of $75,000 and current liabilities of $45,000. What is the current ratio? a) 1.25 b) 1.67 c) 2.00 d) 1.50
- 1. If current assets amounted to P600,000 and current liabilities amounted to P200,000, what is the current ratio of the entity? *a. P800,000b. P400,000c. 3d. 1/3 3. If net sales is P200,000 and the average accounts receivable is P50,000, what is the accounts receivable turnover ratio? *a. 4b. 1/4c. P150,000d. P250,000 5. If total assets amounted to P800,000 and total liabilities amounted to P200,000, what is the debt to equity ratio? *a. 4b. 0.3333c. 0.25d. 3If a company has current assets of $15,000 and current liabilities of $9,375, its current ratio is 1.6. True or False True FalseAssuming that a business total asset is 1/3 liabilities which includes an account payable of 50,000 how much is the total liabilities if the total equity balance is thrice as much as the accounts payable balance?