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If a compny ratio is 1.76:1 should they receive a loan? and why?
They should receive a loan. In most industries a current ratio higher than 1.5:1 is acceptable. The current ratio is an indicator that the company has the assets available to meet its current obligations.
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Expert answered|debnjerry|Points 29304|
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Asked 4/5/2012 4:28:21 PM
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with a current ratio of 1.76:1, should i give them a loan? why or why not?
Weegy: A current ratio of 1.76:1 is acceptable as it is above 1.5:1 which is considered acceptable in most industries. However, banks will often look at the total debt to equity ratio which should be above 2:1. [ Not knowing how much total liabilities and owners's equity are it is difficult to say how the bank will view the company. The current ratio is within the acceptable range though. ] (More)
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