Question: Consider this simplified balance sheet for Geomorph Trading: Current assets $100 Current liabilities $60 Long-term assets Long-term debt $500 $280 Other liabilities $70 Equity

Consider this simplified balance sheet for Geomorph Trading: Current assets $100 Current

Consider this simplified balance sheet for Geomorph Trading: Current assets $100 Current liabilities $60 Long-term assets Long-term debt $500 $280 Other liabilities $70 Equity $190 Total Total $600 $600 What is the current ratio? 0.6 2.16 1.67 0.4

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