The Following Financial Statement Information Is Available for Buil Corporation

question 124

Multiple Choice

The following financial statement information is available for Buil Corporation: $\begin{array}{lrr}&2017&2016\\\text { Inventory } & \$ 44,000 & \$ 43,000 \\\text { Current assets } & 80,000 & 106,000 \\\text { Total assets } & 432,000 & 358,000 \\\text { Current liabilities } & 25,000 & 36,000 \\\text { Total liabilities } & 102,000 & 88,000\end{array}$ The current ratio for 2017 is

• A).31:1.
• B)3.2:1.
• C)1.5:1.
• D)4.24:1.

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