Question: Given Current Assets $90,000 Current Liabilities $60,000 Total Assets $400,000 Total Liabilities $200,000 Food revenue $80,000 Beverage revenue $20,000 Net income before tax $10,000 Total
Given
| Current Assets | $90,000 |
| Current Liabilities | $60,000 |
| Total Assets | $400,000 |
| Total Liabilities | $200,000 |
| Food revenue | $80,000 |
| Beverage revenue | $20,000 |
| Net income before tax | $10,000 |
| Total labor costs | $50,000 |
- (5 pt) What is the Current ratio?
- 1.3
- 1.5
- 2
- 2.5
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