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"The balance sheet of Ambiance Corporation reported current assets of $186,708, total assets of $300,000, current liabilities of $36,139, and total liabilities of $125,000. What is the company’s current ratio?"

Respuesta :

Answer:

5.17(Approx)

Explanation:

Given that,

Current assets = $186,708

Total assets = $300,000

Current liabilities = $36,139

Total liabilities = $125,000

current ratio = current assets ÷ current liabilities

                     = $186,708 ÷ $36,139

                     = 5.17(Approx)

Therefore, the company’s current ratio is 5.17.

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