menu
QAmmunity.org
Login
Register
My account
Edit my Profile
Private messages
My favorites
Register
Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question
Long-term assets are $800, current liabilities are $500, and long-term liabilities are $600. if the current ratio is 2.5 to 1, then current assets are
asked
Aug 1, 2018
106k
views
2
votes
Long-term assets are $800, current liabilities are $500, and long-term liabilities are $600. if the current ratio is 2.5 to 1, then current assets are
Business
college
Marina Aguilar
asked
by
Marina Aguilar
7.1k
points
answer
comment
share this
share
0 Comments
Please
log in
or
register
to add a comment.
Please
log in
or
register
to answer this question.
1
Answer
2
votes
we are given with the current liabilities and the
current ratio that is 2.5. Current ratio is equal to current assets over current liabilities. In this case, the current assets is then equal to $500*2.5 equal to $1250. Current ratio is an index that measures the ability of current assets to cover the current and long term liabilities.
Ivan Gabriele
answered
Aug 5, 2018
by
Ivan Gabriele
7.3k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.
7.7m
questions
10.3m
answers
Other Questions
Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
What is meant by data mining ?
What is the best way to describe a stock market?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Twitter
WhatsApp
Facebook
Reddit
LinkedIn
Email
Link Copied!
Copy
Search QAmmunity.org