Answer:
The current ratio is 1.34
Step-by-step explanation:
we know that
The current ratio is equal to divide the total current assets by the total current liabilities
Let
x ----> the total current assets
y ----> the total current liabilities
z ----> the current ratio
so
[tex]z=\frac{x}{y}[/tex]
we have
[tex]x=\$138,000\\y=\$102,750[/tex]
substitute
[tex]z=\frac{138,000}{102,750}=1.34[/tex]
