Mens Clothes Calculate

/in /by

Read the information for Men’s Clothes, Inc. Calculate the current ratio for Men’s Clothes.

Choose one answer.

Men’s Clothes, Inc. a retailer of men’s clothing, earned a net profit of $77,000 for 2012. The balance sheet for Men’s Clothes includes the following items:

Balance Sheet for Men's Clothes, Inc. For Questions 1 and 2

a.

3.00 to 1

b.

 2.16 to 1

c.

2.94 to 1

d.

2.75 to 1