shakoriagaston7494 shakoriagaston7494
  • 09-12-2021
  • Business
contestada

Brown Co. had current assets of $15,000, total assets of $30,000 and current liabilities of $9,000 at the end of the year. The current ratio for the period is:

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abiolataiwo2015
abiolataiwo2015 abiolataiwo2015
  • 16-12-2021

Based on the information given the current ratio for the period is: 1.67.

Using this formula

Current ratio=Current Assets/Current Liabilities

Where:

Current Assets=$15,000

Current Liabilities=$9,000

Let plug in the formula

Current ratio=$15,000/$9,000

Current ratio=1.666

Current ratio=1.67(Approximately)

Inconclusion the current ratio for the period is: 1.67.

Learn more about current ratio here:https://brainly.com/question/2686492

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