Healthy Foods Has Total Assets of $129,800, Net Fixed Assets

question 41

Multiple Choice

Healthy Foods has total assets of $129,800, net fixed assets of $71,500, long-term debt of $52,000, and total debt of $78,700. If inventory is $31,800, what is the current ratio?

• A) 0.33
• B) 0.46
• C) 0.84
• D) 1.18
• E) 2.18