-Refer to the Following Selected Financial Information from Frankle Corp

question 16

Multiple Choice

$$\begin{array} { | l | r | } \hline \text { Current assets } & 306,450 \\\hline \text { Plant assets } & 388,000 \\\hline \text { Current Liabilities } & 107,800 \\\hline \text { Net sales } & 676,000 \\\hline \text { Net Income } & 75,000 \\\hline\end{array}$$
-Refer to the following selected financial information from Frankle Corp.Compute the company's current ratio.

• A) 6.44.
• B) 2.84.
• C) 6.27.
• D) 3.60.
• E) 1.44.

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Definitions:

Partnership Business

A business structure where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Deed.