Question: Gnas Corporation's total current assets are $222,000, its noncurrent assets are $602,000, its total current liabilities are $168,000, its long-term liabilities are $498,000, and its

Gnas Corporation's total current assets are $222,000, its noncurrent assets are $602,000, its total current liabilities are $168,000, its long-term liabilities are $498,000, and its stockholders' equity is $158,000. The current ratio is closest to:

Multiple Choice

  • 1.32

  • 0.76

  • 1.41

  • 1.06

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