Faultless, Inc. Selected Data from Faultless' Financial Statements Are Provided Below

question 19

Multiple Choice

Faultless, Inc.
Selected data from Faultless' financial statements are provided below:

-If current assets amount to $150, total assets are $350, current liabilities are $65, and total liabilities are $100, then the current ratio is:

• A) 3.50.
• B) 3.03.
• C) 2.31.
• D) 2.12.

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