Knowledge Check 01 Pennway Company reported current assets of $100,000, total assets of $1,000,000, current liabilities of $50,000, total liabilities of $250,000, and total stockholders' equity of $750,000. What is the company's current ratio? Note: Round your answer to 1 decimal place.

Knowledge Check 01 Pennway Company reported current assets of $100,000, total assets of $1,000,000, current liabilities of $50,000, total liabilities of $250,000, and total stockholders' equity of $750,000. What is the company's current ratio? Note: Round your answer to 1 decimal place.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ekwame Zikomo/Purestock/Superstock
Knowledge Check 01
Pennway Company reported current assets of $100,000, total assets of $1,000,000, current liabilities of $50,000, total liabilities of
$250,000, and total stockholders' equity of $750,000. What is the company's current ratio?
Note: Round your answer to 1 decimal place.

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