Question & Answer: 43.The current assets of Caitlin Company are $360,000. The current liabilities…..

43.The current assets of Caitlin Company are $360,000. The current liabilities are $240,000. The current ratio is a.1.25. b.0.67. c.1.50. d.Cannot be determined from the information provided.

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Current ratio = Current assets/Current liabilities = 360000/240000= 1.5
Option C is correct

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