A company has current assets of $75,000 and currentliabilities of $45,000. What is the current ratio?a) 1.25b) 1.67c) 2.00d) 1.50

Explanation of Current Assets:Current assets are resources owned by a company that are expected to…

Answered: A company has current assets of $75,000…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...

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A 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