Peter's Motor Works Has Total Assets of $689,400,long-Term Debt of $299,500,total

question 122

Multiple Choice

Peter's Motor Works has total assets of $689,400,long-term debt of $299,500,total equity of $275,000,net fixed assets of $497,800,and sales of $721,500.The profit margin is 4.6 percent.What is the current ratio?

• A)0.60
• B)0.91
• C)1.01
• D)1.67
• E)2.16