Current ratio for the period ending 2004 is approximately:

Question 18 options:

A)

0.93 : 1

B)

1.93 : 1

C)

5.43 : 1

D)

1.43 : 1

12/31/2004 Account Assets Cash $50,000 Accounts Receivable $300,000 $180,000 Material Inventory Under-billings $50,000 S580,000 Total Current Assets $250,000 Equipment (Gross) Less: Accumulated Depreciation $100,000 S150,000 Equipment (Net) S730,000 Total Assets Equities Liabilities Account Payable $150,000 Over-billings $150,000 S300,000 Total Current Liability Note Payable Long Term Debt) $10,000 S310,000 Total Liabilities Net Worth Capital Stock $250,000 $170,000 Retained Earnings S420,000 Total Net Worth S730,000 Total Equities