Question: Given the following financial data, measure their Current to Total Assets ratio and consider which of the following answer best fit this scenario: Current Assets

Given the following financial data, measure their Current to Total Assets ratio and consider which of the following answer best fit this scenario:

Current Assets $3,250,688.00
Fixed Assets $1,992,357.00
Property $620,306.00
Construction Equipment $797,325.00
Vehicles $688,920.00
Office Equipment $178,299.00
Less Depreciation -$353,923.00
Other fixed assets $61,430.00

Group of answer choices

-Their Current to Total Asset Ratio is consistent with industry averages, so they should be considered a low risk.

-Their Current to Total Asset ratio is not within industry standards, so it is too much of a risk.

-Their Current to Total Asset Ratio is within industry standards for an equipment-intensive contractor. However, the fixed assets are more weighted to property and vehicles and not equipment.

-Their Current to Total Asset Ratio doesn't relate to their ability to perform work.

Current to total assets ratio = current assets / total assets.

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