tylerkrobinson459 tylerkrobinson459

Today at 6:15 PM
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Which statement correctly describes the following ratio? Current assets / Current liabilities: Current assets divided by current liabilities

Answer :

Tundexi Tundexi

Today at 6:20 PM

Answer:

The statement that correctly describe the following ratio is the current ratio

Explanation:

Current ratio is defined as current assets over Current liabilities. It is a comparison of current assets to current liabilities. Normally, the potential creditor will use current ratio to measure a company's liquidity or ability to pay off liabilities. Every healthy company must maintain a 2:1 current ratio.

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