Current Assets Are $40,000 and Long- Term Assets Are $50,000

question 50

Multiple Choice

Current assets are $40,000 and long- term assets are $50,000. Total liabilities are $60,000, of which current liabilities are 50%. The current ratio is:

• A)1.50.
• B)1.33.
• C)9.00.
• D)3.00.

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