Question 9
A Company has the following information for the fiscal year ending December 31, 2022: • Current Assets: $800,000
• Current Liabilities: $400,000
• Inventory: $200,000
Calculate the current ratio for the company.
1.50
2
3
2.50
A Company has the following information for the fiscal year ending December 31, 2022: • Current Assets: $800,000
• Current Liabilities: $400,000
• Inventory: $200,000
Calculate the current ratio for the company.
1.50
2
3
2.50
Correct answer
2.50
Question 9 of 10 in the IIT Madras BS Business Data Management (BDM) Quiz 1 paper sat on 16 Jul 2023, in the May 2023 term (IIT M DIPLOMA AN2 EXAM QPD2 16 JULY 2023). It carries 3 marks.