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31 January, 22:50

Given the following information, calculate the current ratio:

Liquid assets = $5,000

Monthly credit payments = $800

Monthly savings = $760

Net worth = $75,000

Current liabilities = $2,000

Take-home pay = $2,300

Gross income = $3,500

Monthly expenses = $2,050

Multiple Choice

2.44

2.50

6.25

0.16

0.41

+2
Answers (1)
  1. 1 February, 00:36
    0
    2.50

    Explanation:

    Current ratio = Current assets/Current liabilities

    = $5,000/$2,000

    = 2.50

    Therefore, The current ratio is 2.50
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