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The following financial statement information is available for Houser Corporation: 2012 2011 Inventory $ 44,000 $ 43,000 Current assets 81,000 106,000 Total assets 432,000 358,000 Current liabilities 30,
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The following financial statement information is available for Houser Corporation: 2012 2011 Inventory $ 44,000 $ 43,000 Current assets 81,000 106,000 Total assets 432,000 358,000 Current liabilities 30,000 36,000 Total liabilities 102,000 88,000 The current ratio for 2012 is Group of answer choices .37:1. 2.7:1. .79:1. 4.24:1.

User Md Nasir Uddin
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1 Answer

6 votes

Answer:

2.7:1

Step-by-step explanation:

Calculation to determine what The current ratio for 2012 is

Using this formula

The current ratio for 2012= Current assets/Current liabilities

Let plug in the formula

Current ratio for 2012= ($81,000/$30,000)

Current ratio for 2012=2.7:1

Therefore The current ratio for 2012 is 2.7:1

User MikeZ
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