Jones Corporation reported current assets of $191,800, current liabilities of $137,000, and total liabilities of $275,714 on its most recent balance sheet. The current ratio is: Multiple Choice 1.4 : 1. 0.7 : 1. 0.3 : 1. 1 : 1. 0.5 : 1.
Explanation: The current ratio is the proportion of current assets to current liabilities. It is calculated as current assets / current liabilities. So, 191,800 / 13700 = 1.4
