To calculate the current ratio for Wicked Wicker Company:

A) 1.87.
B) .54.
C) 3.92.
D) 1.77.
E) 1.60.

Question

To calculate the current ratio for Wicked Wicker Company:A) 1.87.B) .54.C) 3.92.D) 1.77.E) 1.60.

Madii Robichaux · Accepted Answer

Final Answer : A, Explanation :  The current ratio is calculated by dividing current assets by current liabilities. Wicked Wicker Company has current assets of $1,000,000 and current liabilities of $535,000. Therefore, the current ratio is $1,000,000 / $535,000 = 1.87.

To calculate the current ratio for Wicked Wicker Company:

A) 1.87.
B) .54.
C) 3.92.
D) 1.77.
E) 1.60.

Definitions

Learning Objectives

Learning Objectives

Related questions

To calculate the current ratio for Wicked Wicker Company: A) 1.87.B) .54.C) 3.92.D) 1.77.E) 1.60.

Definitions

Learning Objectives

Learning Objectives

Related questions

To calculate the current ratio for Wicked Wicker Company:

A) 1.87.
B) .54.
C) 3.92.
D) 1.77.
E) 1.60.