Answer
B - 3.0:1
Work Step by Step
The current ratio is calculated by dividing current assets by current liabilities. (81,000 / 27,000) = (9 / 3) = a 3:1 ratio
Accounting: Tools for Business Decision Making, 5th Edition
by Kimmel, Paul D.; Weygandt, Jerry J.; Kieso, Donald E.
Published by
Wiley
ISBN 10:
1118128168
ISBN 13:
978-1-11812-816-9
Chapter 13 - Financial Analysis: The Big Picture - Self-Test Questions - Page 726: 13
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