B Co had the following details extracted from its statement of financial position: $00 Inventory 3,800 Receivables 2,000 Bank overdraft 200 Payables 2,000 What was the current ratio based upon the available information? A 1.72:1 В 2.90:1 C 2.64:1 D 3.00:1

B Co had the following details extracted from its statement of financial position: $00 Inventory 3,800 Receivables 2,000 Bank overdraft 200 Payables 2,000 What was the current ratio based upon the available information? A 1.72:1 В 2.90:1 C 2.64:1 D 3.00:1

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...

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Question

100%

B Co had the following details extracted from its statement of financial position:
$00
Inventory
3,800
Receivables
2,000
Bank overdraft
200
Payables
2,000
What was the current ratio based upon the available information?
A
1.72:1
В
2.90:1
C
2.64:1
D
3.00:1

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