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

To determine the current ratio, we use the formula:<br /><br />\[ \text{Current Ratio} = \frac{\text{Current Assets}}{\text{Current Liabilities}} \]<br /><br />Given:<br />- Current Assets = \$14,170<br />- Current Liabilities = \$10,900<br /><br />Plugging in the values:<br /><br />\[ \text{Current Ratio} = \frac{14,170}{10,900} \approx 1.30 \]<br /><br />Therefore, the statement that the current ratio is 1.3 is true.<br /><br />The answer is: **True**