| 39. Use Rizwi Corporation's list of accounts at December 31, 2014 to answer the following question. Rizwi Corporation List of Accounts at December 31, 2014 Cash $30,000 Accumulated depreciation $ 12,000 Merchandise inventory 21,000 Notes payable--Due 12/31/2022 120,000 Land 40,000 Accounts payable 14,000 Buildings 80,000 Equipment 33,000 Accounts receivable 25,000 Notes Payable--Due 07/01/2015 24,000 What is Rizwi Corp.'s current ratio? A. 0.48 to 1 B. 2.00 to 1 C. 2.55 to 1 D. 2.86 to 1 | |
| View Solution | |
| << Back | Next >> |