A company has current liabilities of $500 Million, and its current ratio is 2.0. What is the total of its current assets

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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A company has current liabilities of $500 Million, and its current ratio is 2.0. What is the total of its current assets?
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Step 1: Define of Current Assets

Current Assets is that which shows the assets of the company. It includes the Cash, Cash Equivalents, Accounts Receivables, Stock Inventory, Prepaid Liabilities Etc. It is shown under balance sheet in assets side.

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