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Jones Corporation reported current assets of $191,800, current liabilities of $137,000, and total liabilities of $275,714 on its most recent balance sheet. The current ratio is:

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abiolataiwo2015

Based on the information given the current ratio is:1.4.

Current ratio

Using this formula

Current ratio=Current assets/Current liabilites

Where:

Current assets=$191,800

Current liabilities=$137,000

Let plug in the formula

Current ratio=$191,800/$137,000

Current ratio = 1.4

Inconclusion the current ratio is:1.4.

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