Chapter 4, Problem 9QC

Clean Water Softener Systems has Cash of $600, Accounts Receivable of $900, and Office Supplies of $400. Clean owes $500 on Accounts Payable and has Salaries Payable of $200. Clean’s current ratio is

Learning Objective 6

1. 2.71
2. 2.50
3. 063
4. 0.37