Read the information for Menâ€
s Clothes, Inc. Calculate the current ratio for Menâ€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:
| a. |
3.00 to 1 |
|
| b. |
2.16 to 1 |
|
| c. |
2.94 to 1 |
|
| d. |
2.75 to 1 |
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