You have the following financial data: Fixed assets $120,000, Current liability 50,000, Total Assets 300,000,Total owners' equity 150,000 Find current ratio: Oa. 2.0x Ob. 3.6x Oc. 2.5x od. 6.0x
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To do this, we subtract the current liability from the total assets: Current assets = Total assets - Current liability Current assets = 300,000 - 50,000 Current assets = 250,000 Show more…
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