Gibson Goods has current​ assets, including cash and accounts​ receivable, of​ $377,000. It owes​ $190,000 in​ short-term debt, including trade credit and accounts payable. What is its current​ ratio?

Respuesta :

Answer: 1.98

Explanation:

Current ratio = Current Asset/Current Liability

Current ratio = $377,000/$190,000

Current ratio = 1.98

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