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If current assets are 150 total assets are 350 current liabilities are 65 and total liabilities are 100 what is the current ratio rounded to two digits?
Wiki User
∙ 13y ago
The Asset/Liability Ratio is one of the easiest to figure:
Current Ratio = Current Assets/Current Liabilities
According to your question that should be:
Current Ratio = 150 / 65
Current Ratio = 2.31 (rounded to two digits)
Wiki User
∙ 13y ago
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