King Company Balance Sheet Cash $20,000 Receivables 20,000 Inventories 60,000 Total Current Assets 100,000 Plant Assets
Posted: Thu May 19, 2022 12:20 pm
King Company
Balance Sheet
Cash $20,000
Receivables 20,000
Inventories 60,000
Total Current Assets 100,000
Plant Assets (net) 200,000
$300,000
Accounts Payable $ 50,000
Long Term debt 100,000
Stock holders' equity 150,000
$300,000
The current ratio of King Company is:
Group of answer choices
2:1
3:1
2:3
1:2
Balance Sheet
Cash $20,000
Receivables 20,000
Inventories 60,000
Total Current Assets 100,000
Plant Assets (net) 200,000
$300,000
Accounts Payable $ 50,000
Long Term debt 100,000
Stock holders' equity 150,000
$300,000
The current ratio of King Company is:
Group of answer choices
2:1
3:1
2:3
1:2