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Question
The balance sheet of Crimpson Solutions Ltd. has cash of $125 million, accounts receivable of $245 million, inventory of $160 million, and equipment worth $450 million. The company also has accounts payable of $120 million, notes payable of $280 million, and corporate bonds of $365 million. Crimpson's current ratio is:
a. 2.5 times.
b. 1.56 times.
c. 1.325 times.
d. 0.565 times.
e. 1.855 times.
Answer
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