Question

The current assets of Sheridan Company are $292400. The current liabilities are $116960. The current ratio expressed as a proportion is

Answer 1

The current ratio expressed as a proportion is 2.5

Step-by-step explanation:

Given :

The current assets = $292400

The current liabilities are $116960.

To find :

The current ratio

Solution :

Current Ratio =

`\sf{(Current \: Assets )/(Current \: Liabilities)}`

`\sf{\implies{(292400)/(116960)}}`

`\implies` 2.5

Therefore, The current ratio expressed as a proportion is 2.5