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Question
Apollo Corp. reported the following balance sheet:| Cash | $28,000 | Accounts payable | $5,000 | |
| Accounts receivable | 15,000 | Notes Payable | 12,000 | |
| Inventory | 45,000 | Accruals | 17,000 | |
| Net Fixed Assets | 122,000 | Long-Terms Debt | 45,000 | |
| Common Stock | 10,000 | |||
| Retained Earnings | 121,000 | |||
| Total assets | $210,000 | Total Liab. & Equity | $210,000 |
Apollo Corp.'s current ratio is
A) 2.59.
B) 2.74.
C) 2.98.
D) 3.88.
Answer
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