ter $3$ Homework

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Problem $3-6$ Determining Financial Progress $[$LO$3-2]$

Carl Lester has liquid assets of $$3,460$ and current liabilities of $$1,850.$

a$.$ What is his current ratio?

b$.$ Which comment best describes his financial position?

Book

Complete this question by entering your answers in the tabs below.

Required a

Required b

Which comment best describes his financial position?

Lower than the desirable ratio $2\mathrm{.}0$

Higher than the desirable ratio $2\mathrm{.}0$

Equal to the desirable ratio $2\mathrm{.}0$