Selected data for the Rubio Company follow:Current assets.............. $ 31,200 Current liabilities ............ $ 26,000Long-term assets ......... 185,000 Long-term liabilities........ 110,000Total revenues............. 199,000 Total expenses................. 160,000Based on these facts, what are Rubio’s current ratio and debt ratio?Current ratio Debt ratioa. 1.200 0.629b. 1.590 0.629c. 8.315 0.833d. 1.244 0.236
Selected data for the Rubio Company follow:Current assets.............. $ 31,200 Current liabilities ............ $ 26,000Long-term assets ......... 185,000 Long-term liabilities........ 110,000Total revenues............. 199,000 Total expenses................. 160,000Based on these facts, what are Rubio’s current ratio and debt ratio?Current ratio Debt ratioa. 1.200 0.629b. 1.590 0.629c. 8.315 0.833d. 1.244 0.236
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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