If a company has current assets of $15,000 and current liabilities of $9,375, its current ratio is 1.6.
If a company has current assets of $15,000 and current liabilities of $9,375, its current ratio is 1.6.
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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![If a company has current assets of $15,000 and current liabilities of $9,375, its current ratio is 1.6.
True or False
True
False](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fce4c7c26-7609-433b-945b-6c0f77013d2e%2F818b3cff-f4d3-45a4-9099-c2ec34049175%2F2jg66s_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If a company has current assets of $15,000 and current liabilities of $9,375, its current ratio is 1.6.
True or False
True
False
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