A Trinidadian retailer has current assets of $85,000 and current liabilities of $40,000. What is the current ratio?

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Question

A Trinidadian retailer has current assets of $85,000 and current liabilities of $40,000. What is the current ratio?

Accepted Answer

2.13 : 1 — Current ratio = Current assets ÷ Current liabilities = $85,000 ÷ $40,000 = 2.125, expressed as 2.13 : 1. Option C inverts the formula (40,000 ÷ 85,000). Option D uses incorrect rounded figures suggesting equal values. Option B states the difference rather than the ratio.

Answer

2.00 : 1

Answer

45,000 : 1

Answer

2.13 : 1

Answer

0.47 : 1

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