Bathez Corp. has receivables of $334,227, inventory of $451,000, cash of $73,913, and accounts payables of $469,553. What is the firm's current ratio? Round your final answer to two decimal places.

A) 1.83
B) 0.73
C) 1.67
D) None of the above

The current ratio of Bathez Corp. is calculated by dividing the total current assets ($859,140) by the current liabilities ($469,553). The resulting current ratio is approximately 1.83, so the correct answer is A) 1.83.

Explanation:

The current ratio is calculated by dividing the company's current assets by its current liabilities. For Bathez Corp., the current assets include receivables, inventory, and cash, which add up to:

$334,227 + $451,000 + $73,913 = $859,140.

The current liabilities are accounts payables, which amount to $469,553.

Therefore, the current ratio is calculated as $859,140 divided by $469,553, which equals approximately 1.83 when rounded to two decimal places.

Bathez Corp. has receivables of $334,227, inventory of $451,000, cash of $73,913, and accounts payables of $469,553. What is the firm's current ratio? Round your final answer to two decimal places.A) 1.83 B) 0.73 C) 1.67 D) None of the above

Answer :

Final answer:

Explanation:

Other Questions

Bathez Corp. has receivables of $334,227, inventory of $451,000, cash of $73,913, and accounts payables of $469,553. What is the firm's current ratio? Round your final answer to two decimal places.

A) 1.83
B) 0.73
C) 1.67
D) None of the above