A company has cash, $85,000; temporary investments, $30,000; net receivables, $60,000; and inventory, $350,000. Current liabilities are

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A company has cash, $85,000; temporary investments, $30,000; net receivables, $60,000; and inventory, $350,000. Current liabilities are $300,000.
The current ratio is: and
A) 0.58.
B) 0.74.
C) 1.75.
D) 1.86.

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Fundamentals of Financial Accounting

ISBN: 978-0078025372

4th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Question Posted: Jan 10, 2018 01:34 AM

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A company has cash, $85,000; temporary investments, $30,000; net receivables, $60,000; and inventory, $350,000. Current liabilities are

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The correct option is Option C 175 Explanation In order to calculate the current ratio we ...View the full answer

Fundamentals of Financial Accounting

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