Total assets are $22.0 million, with $12.0 million being long-term assets. Current liabilities are $5.0 million and total liabilities are $13.5 million. The current ratio would be closest to: O A. 4.4. OB. 2.0. O C. 1.6. OD. 1.1.

Total assets are $22.0 million, with $12.0 million being long-term assets. Current liabilities are $5.0 million and total liabilities are $13.5 million. The current ratio would be closest to: O A. 4.4. OB. 2.0. O C. 1.6. OD. 1.1.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter5: Completing The Accounting Cycle

Section: Chapter Questions

Problem 15MC: If current assets are $112,000 and current liabilities are $56,000, what is the current ratio? A....

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Total assets are $22.0 million, with $12.0 million being long-term assets. Current liabilities are $5.0 million and total liabilities are $13.5 million. The current ratio would be closest to:
O A. 4.4.
3
1.6.
OD. 1.1.
OB. 2.0.
O C.

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