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A company has current liabilities of $176,000, total liabilities of $1,065,000, current assets of $220,000, and total assets of $1,500,000. The current ratio is ______.

A company has current liabilities of $176,000, total liabilities of $1,065,000, current assets of $220,000, and total assets of $1,500,000. The current ratio is ______.
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A company has current liabilities of $176,000, total liabilities of $1,065,000, current assets of $220,000, and total assets of $1,500,000. The current ratio is ______.

asked
User Ilanit
by
8.4k points

1 Answer

9 votes

Answer:

1.25 to 1

Step-by-step explanation:

$220,000/$176,000 = 1.25 to 1

answered
User RWendi
by
8.1k points
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