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