Tombstone Inc. has $$60,000$ cash, $$200,000$ receivables, $$200,000$ inventory and $$500,000$ of net fixed assets. It also has $$60,000$ of accounts payable, notes payable of $$150,000,$ long$-$term bonds of $$200,000$ and total equity of $$550,000.$ What is its current ratio?

Answer rating: 100% (QA)

The current ratio is a financial metric that measures a companys ability to cover its shortterm liab... View the full answer