Freiman Corporation's most recent balance sheet and income statement appear below: Balance Sheet December 31, Year...

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Freiman Corporations most recent balance sheet and income statement appear below: Balance Sheet December 31, Year 2 and Year

Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars) Sales (all on account) Cost of goods sold G

business accounting

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Answer 1

Answer #1

Ans. Option 2nd 1.98

Calculation:

Current ratio = Total current assets / Total current liabilities

= $610 / $308

= 1.98

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Answer 2

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