Answer:
4.8
Explanation:
The current ratio is = current assets / current liabilities
so this way a business´s current capital is expressed in the form of a ratio which measures its capacity to pay off the debts that are derived from the operating cycle.
current assets = 60.000+40.000 + 69.000 = 169.000
current liabilities = 30.000+ 5.000 = 35.000
Current ratio = 169.000/35.000 = 4.82
The current assets and current liabilities accounts must be identified
Accounts payable $30,000 - liability
Accounts receivable 60,000 - asset
Accrued liabilities 5,000 - liability -
Cash 40,000 - asset
Intangible assets 50,000 - not current
Inventory 69,000 -asset
Long-term investments 80,000 - not current
Long-term liabilities 100,000 - not current
Marketable securities 30,000 -not current ( but they also could be current)
Fixed assets 670,000 - not current
Prepaid expenses 1,000 -expense ( I understand that the payment was already made, therefore the liability was canceled and the asset we no longer have it)
