Based on the following data, what is the current ratio, rounded to one decimal point?
accounts payable $30,000
accounts receivable 60,000
accrued liabilities 5,000
cash 40,000
intangible assets 50,000
inventory 69,000
long-term investments 80,000
long-term liabilities 100,000
marketable securities 30,000
fixed assets 670,000
prepaid expenses 1,000

4.8

Explanation:

The current ratio is = current assets / current liabilities

so this way  a business´s current capital is expressed in the form of a ratio which measures its capacity to pay off the debts that are derived from the operating cycle.

current assets = 60.000+40.000 + 69.000 = 169.000

current liabilities = 30.000+ 5.000 = 35.000

Current ratio = 169.000/35.000 = 4.82

The current assets and current liabilities accounts must be identified

Accounts payable $30,000  - liability

Accounts receivable 60,000  - asset

Accrued liabilities 5,000  - liability            -

Cash 40,000  - asset

Intangible assets 50,000  - not current

Inventory 69,000 -asset

Long-term investments 80,000  - not current

Long-term liabilities 100,000   - not current

Marketable securities 30,000 -not current (  but they also could be current)

Fixed assets 670,000  - not current

Prepaid expenses 1,000 -expense (  I understand that the payment was already made, therefore the liability was canceled and the asset we no longer have it)