Prinpurnesa2ledof Prinpurnesa2ledof
  • 17-04-2017
  • Business
contestada

Justice enterprises has current assets of $593 million and current liabilities of $316 million. what is their current ratio?

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Аноним Аноним
  • 28-04-2017
To solve this problem, first, we must know the formula to get the current ratio. 
                           Currents Assets
Current Ratio=  -------------------------
                           Current Liabilities

So in this problem the current assets and current liabilities are given which are the following:
   CA= $593,000,000
   CL= $316,000,000

Let's now solve  $593,000,000 / $316,000,000 = 1.88 

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