Question: Based on the following data, what is the current ratio for this firm? Inventory = $2,000 Accounts Payable = $5,000 Plant and Equipment = $20,000

Based on the following data, what is the current ratio for this firm?

Inventory = $2,000

Accounts Payable = $5,000

Plant and Equipment = $20,000

Accounts Receivable = $10,000

Accruals = $3,000

Marketable Securities = $4000

Cash = $2,000

1,5

2.75

3.29

5.25

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