If a company has current assets of 14,170 current liabilities of 10,900 its current ratio is 13. True or False True

Name: If a Company Has Current Assets of 14,170 Current Liabilities of 10,900 Its Current Ratio Is 13. True or False True
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Question

If a company has current assets of 14,170 current liabilities of 10,900 its current ratio is 13. True or False True

Answer 1

To determine the current ratio, we use the formula:

Given:- Current Assets = \

10,900Plugging in the values:

Therefore, the statement that the current ratio is 1.3 is true.The answer is: **True**

Problemas

If a company has current assets of 14,170 current liabilities of 10,900 its current ratio is 13. True or False True

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