Selected data for the Rubio Company follow: Based on these facts, what are Rubios current ratio and

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Selected data for the Rubio Company follow:

Current liabilities Long-term liabilities. Total expenses.. .. $ 26,000 Current assets... $ 31,200 Long-term assets ....


Based on these facts, what are Rubio’s current ratio and debt ratio?
Current ratio .............. Debt ratio
a. 1.200 ............................. 0.629
b. 1.590 ............................. 0.629
c. 8.315 .............................. 0.833
d. 1.244 ............................. 0.236

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Related Book For  answer-question

Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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