The following amounts were taken from a company's balance sheet:

Total assets, $100,000
Total liabilities, $20,000
Total stockholders' equity, $80,000
Current assets, $10,000
Current liabilities, $5,000

The company's current ratio is
O 0.50.
O 5.0.
O 2.0.
O None of these choices are correct.

Question

08-07-2024
Business

Answered

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The following amounts were taken from a company's balance sheet:

Total assets, $100,000
Total liabilities, $20,000
Total stockholders' equity, $80,000
Current assets, $10,000
Current liabilities, $5,000

The company's current ratio is
O 0.50.
O 5.0.
O 2.0.
O None of these choices are correct.

Sagot :

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