Question

A company's total assets are $98,000 and total liabilities are $49,000. Find the current ratio.

Answer 1

Hi there
The current ratio is a liquidity ratio that measures a company's ability to pay short-term and long-term obligations

The formula for calculating a company’s current ratio, then, is:

Current Ratio = Current Assets / Current Liabilities

Current ratio=98,000÷49,000=2

Answer 2

98/49 = 2/1 ratio

does the question say how to give the answer?

it could be 2/1 or 2:1