The current assets of Sheridan Company are $292400. The current liabilities are $116960. The current ratio expressed as a proportion is

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hiChai

The current ratio expressed as a proportion is 2.5

Explanation:

Given :

The current assets = $292400

The current liabilities are $116960.

To find :

The current ratio

Solution :

Current Ratio =

[tex]\sf{\dfrac{Current \: Assets }{Current \: Liabilities}}[/tex]

[tex]\sf{\implies{\dfrac{292400}{116960}}}[/tex]

[tex]\implies[/tex] 2.5

Therefore, The current ratio expressed as a proportion is 2.5

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