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

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Prinpurnesa2ledof Prinpurnesa2ledof

17-04-2017
Business

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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 · Answer 1 · 2017-04-28T08:39:08+02:00

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