A company has net income of $5,000, current assets of $10,000, total assets of $40,000, and...
A company has net income of $5,000, current assets of $10,000, total assets of
$40,000, and current liabilities of $8,000. What is the company’s current ratio?
Select one:
0.125
0.625
1.25
0.500
Homework Answers
Answer: 1.25
Explanation:
Current Ratio = Current assets / Current liabilities
= $10,000 / $8,000
= 1.25 times
Add Answer to:
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