Based on the net working capital and the current assets, the current ratio of the firm is 2.92
What is the firm's current ratio?
First, find the current liabilities:
= Current assets - Net working capital
= 3,500 - 2,300
= $1,200
The current ratio is:
= Current assets / Current liabilties
= 3,500 / 1,200
= 2.92
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