FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Selected data for the Rubio Company follow:
Current assets.............. $ 31,200 Current liabilities ............ $ 26,000
Long-term assets ......... 185,000 Long-term liabilities........ 110,000
Total revenues............. 199,000 Total expenses................. 160,000
Based on these facts, what are Rubio’s
Current ratio Debt ratio
a. 1.200 0.629
b. 1.590 0.629
c. 8.315 0.833
d. 1.244 0.236
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