Bathez Corp. has receivables of $334,227, inventory of $451,000, cash of $73,913, and accounts payables of $469,553. What is the firm's current ratio? Round your final answer to two decimal places.
A) 1.83
B) 0.73
C) 1.67
D) None of the above
A) 1.83
Current assets = $73,913 + $451,000 + $334,227 = $859,140
Current liabilities = $469,553
Current ratio = Current assets / Current liabilities
Current ratio = $859,140 / $469,553
Current ratio = 1.83
Bathez Corp. has receivables of $334,227, inventory of $451,000, cash of $73,913, and accounts payables of...