Question: If the current ratio is equal to four and we double the current liabilities and half the current assets, what will the new current ratio

If the current ratio is equal to four and we double the current liabilities and half the current assets, what will the new current ratio equal?

a.

1

b.

2

c.

8

d.

16

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!