1. Quick assets/Current liabilities
  2. Current assets/Current liabilities 
  3. Debt/Equity
  4. Current assets/Equity

Accounting Mcqs Solution

Current ratio = Current assets/Current liabilities. Current ratio is a comparison of current assets to current liabilities, calculated by dividing your current assets by your current liabilities.

  1. Daily   
  2. Weekly
  3. Monthly
  4. Annually   

Accounting Mcqs Solution

Balance sheets are prepared annually. It lists the current and fixed assets on the left side of the sheet and liabilities and owner’s equity (capital) on the right.