What Is the Formula for the Current Ratio

question 252

Short Answer

What is the formula for the current ratio?

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Definitions:

Interest Annually

Refers to the interest that is calculated and added to an account once per year.

Final Payment

The last payment made to settle a debt, completing all required payment obligations.

Economic Values

The importance or worth of goods, services, or resources in terms of their ability to fulfill needs and wants.

Annual Rate

The interest rate for a loan or investment expressed over a one-year period.