A Company Has Current Assets of $35,600, Total Assets of $67,000

question 61

Short Answer

A company has current assets of $35,600, total assets of $67,000, and current liabilities of $78,000. What is the company's current ratio?

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Definitions:

Input Device

A hardware device used to enter data and instructions into a computer, for example, a keyboard or mouse.

Printer

A peripheral device connected to a computer or network that converts digital documents into physical copies on paper or other substrates.

Anti-virus Scanning

The process performed by software to detect, prevent, and remove malicious software and viruses from a computer system.

Database Management Systems

Software systems that are designed to manage databases, allowing for the creation, retrieval, update, and management of data.