If current assets amount to $120,000, total assets are $600,000, current liabilities are $60,000, long term debt

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If current assets amount to $120,000, total assets are $600,000, current liabilities are $60,000, long term debt is $340,000 and total liabilities are $400,000, what is the current ratio?

A. 1.5 to 1

B. 1.76 to 1

C. 2 to 1

D. None of the above

Related Book For answer-question

Essentials Of Corporate Finance

ISBN: 9780073405131

6th Edition

Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan

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Posted Date: Jul 07, 2022 09:08 AM

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If current assets amount to $120,000, total assets are $600,000, current liabilities are $60,000, long term debt

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ANSWER Option c 2 to 1 Working Not... View the full answer

Essentials Of Corporate Finance

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