Current assets are $400,000 of the total assets of $1,000,000. Current liabilities are $200,000 of the total liabilities of $700,000. What is the current ratio?

Finance

Are you having trouble answering the question “Current assets are $400,000 of the total assets of $1,000,000. Current liabilities are $200,000 of the total liabilities of $700,000. What is the current ratio?”? If that’s the case, you don’t need to worry anymore. Azanswer has brought you the correct answer to your question.

Current assets are $400,000 of the total assets of $1,000,000. Current liabilities are $200,000 of the total liabilities of $700,000. What is the current ratio?

A) 2.00
B) 2.50
C) 1.43
D) 1.75

Answer: A

We hope you have got the correct answer to your question “Current assets are $400,000 of the total assets of $1,000,000. Current liabilities are $200,000 of the total liabilities of $700,000. What is the current ratio?”, which was part of Accounting MCQs & Answers. Thanks for choosing us.