Calculate the Current Ratio of the Organization from the Information

question 54

Multiple Choice

Calculate the current ratio of the organization from the information given below.
Sales = $200,000;Gross Profit = $40,000;Total Assets = $450,000;Current Assets = $250,000;Current Liabilities = $300,000

• A) 0.44
• B) 0.56
• C) 0.67
• D) 0.83
• E) 1.2

Understand and calculate key financial ratios and interpret their significance.

Identify the purpose, components, and standards of a good financial statement analysis report.

Apply the concepts of vertical and horizontal financial statement analysis.

Assess short-term and long-term credit risk and profitability ratios between companies.

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