Question

Calculate the current ratio:

current assets: $270,000
current liabilities: $250,000

round to the nearest thousandths place

Answer 1

The current ratio is calculated by dividing the current assets by the current liabilities. In this case, the current assets are $270,000 and the current liabilities are $250,000. So, the current ratio would be 1.08 (rounded to the nearest thousandth).

Step-by-step explanation:

The current ratio is calculated by dividing the current assets by the current liabilities. In this case, the current assets are $270,000 and the current liabilities are $250,000. So, the current ratio would be:

Current Ratio = Current Assets / Current Liabilities

Current Ratio = $270,000 / $250,000

Current Ratio = 1.08 (rounded to the nearest thousandth)