Exam Instructions: Select the best answer for each question, then click \"Next Q

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Exam Instructions: Select the best answer for each question, then click "Next Question" to continue, or "Previous Question" to go back . If you want to flag a question for later review, select the "Mark for review"' button. You must answer all questions before you can submit the exam for grading To see a list of the questions you have answered (or sill need to answer), click "Review My Answers" .You can exit the exam at any point by clicking "Save & Exit" Your work will be saved, but your answers will not be submitted for grading. You can return to the exam at a later date to complete and submit it for grading Question 9 of 20: Select the best answer for the question 9. A company has current assets of $70,000, quick assets of $30,000, total assets of $150,000, current liabilities of $50,000, and net sales of $80,000. What is the current ratio of this company? A. 1.40 O B. 1.00 O C. 3.00 O D. 0.20 Mark for review (will be highlighted on the review page) Previous Question Next Question REDESIGNED. RELIABLE READY FOR YOU

Explanation / Answer

Current ratio = Current assets/Current liabilities

= 70000/50000

Current ratio = 1.40

So answer is a) 1.40

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