What is the current ratio if a company hascurrent assets of $150,000 and currentliabilities of $100,000?a) 0.67b) 1.5c) 2.0d) 1.33

Explanation of Current Ratio:The current ratio is a financial metric used to assess a company's…

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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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Current Attempt in Progress Suppose selected comparative statement data for the giant bookseller Barnes & Noble are as follows. All balance sheet data are as of the end of the fiscal year (in millions). Net sales Cost of goods sold Net income Accounts receivable Inventory Total assets Total common stockholders' equity 2022 $5,050.3 3,700.7 65.1 65.0 1,250.1 2,950.1 940.6 2021 $5,800.9 3,200.1 190.9 106.6 1,350.1 3,250.1 1,100.5

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What is the current ratio if a company has current assets of $150,000 and current liabilities of $100,000? a) 0.67 b) 1.5 c) 2.0 d) 1.33