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16 February, 21:52

What does a current ratio of 1.20:1 mean?

A For every $1.20 of current liabilities, a company has $1.20 of current assets.

B For every dollar of current liabilities, a company has $1.00 of current assets.

C For every $1.20 of current liabilities, a company has $1.00 of current assets.

D For every dollar of current liabilities, a company has $1.20 of current assets.

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Answers (1)
  1. 17 February, 01:15
    0
    It's c. if you look it up it's a dollar each of current assets
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Home » Business » What does a current ratio of 1.20:1 mean? A For every $1.20 of current liabilities, a company has $1.20 of current assets. B For every dollar of current liabilities, a company has $1.00 of current assets. C For every $1.
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