Question: Based on the following data, what is the current ratio, rounded to one decimal point? Accounts payable $ 30,000 Accounts receivable 60,000 Accrued liabilities 4,000

Based on the following data, what is the current ratio, rounded to one decimal point?

Accounts payable $ 30,000
Accounts receivable 60,000
Accrued liabilities 4,000
Cash 60,000
Fixed assets 670,000
Intangible assets 50,000
Inventory 69,000
Long-term investments 80,000
Long-term liabilities 100,000
Prepaid expenses 1,000
Temporary investments 50,000

a.5.0

b.6.8

c.7.1

d.1.8

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