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The fiscal 2018 balance sheet for Whole Foods Market reports the following data (in millions). What is the company’s current ratio?
Cash equivalents $351
Marketable Securities $379
Accounts receivable $242
Merchandise inventories $517
Current assets $1,975
Current liabilities $1,341

(A) 0.69
(B) 1.38
(C) 0.72
(D) 1.47
(E) None of the above

Respuesta :

eugeniawatanabe

Answer:

(D) 1.47

Explanation:

The Current Ratio tells how many dollars of current asset are per dollar of current debts in a company. This gives an idea of the company`s ability to perform its debts.  

Current Ratio = Current Asset / Current Liabilities

Current Ratio = 1,975 / 1,341

Current Ratio = 1,47

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