Shown Below Are Selected Data from the Balance Sheet of Bill's

question 120

Multiple Choice

Shown below are selected data from the balance sheet of Bill's Auto Parts, a retail store (dollar amounts are in thousands) :
$$\begin{array} { | l | r | } \hline \text { Cash } & \$ 130 \\\hline \text { Accounts receivable } & \$ 370 \\\hline \text { Inventory } & \$ 400 \\\hline \text { Total assets } & \$ 1,260 \\\hline \text { Current liabilities } & \$ 340 \\\hline \text { Non current liabilities } & \$ 280 \\\hline\end{array}$$
-Refer to the above data. What is the current ratio?

• A) 1.2 to 1.
• B) Less than 2 to 1, but not 1.2 to 1.
• C) 2.6 to 1.
• D) More than 2 to 1, but not 2.6 to 1.

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