The following information is for Dracula Company:

Accounts Payable	$420
Accounts Receivable	3,200
Capital Stock	240
Cash	100
Cost of Goods Sold	600
Inventory	380
Long-term Debt	4,640
Net Income	280
Property, Plant,and Equipment (net)	1,400
Retained Earnings	(220)
Sales	3,000

Note: The retained earnings amount reported is as of the END of the year (after the closing entries have been made).

Compute CURRENT RATIO

Group of answer choices

12.05

8.76

0.72

12.10

1.0

Answer rating: 100% (QA)

Current ratio Cur... View the full answer