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Current Ratio worksheet

Grade 6 · CCSS 6.RP.A.1

Solve each problem and show your work. Round answers to 2 decimal places where needed.

  1. Problem 1.
    • Total current assets: $225,000
    • Total current liabilities: $140,000
    • Inventory (optional, for quick ratio): $57,500
    • Prepaid expenses (optional, for quick ratio): $3,800
    • Cash and cash equivalents (optional, for cash ratio): $25,000

    Find: Current ratio

  2. Problem 2.
    • Total current assets: $170,000
    • Total current liabilities: $135,000
    • Inventory (optional, for quick ratio): $60,000
    • Prepaid expenses (optional, for quick ratio): $6,000
    • Cash and cash equivalents (optional, for cash ratio): $26,000

    Find: Current ratio

  3. Problem 3.
    • Total current assets: $200,000
    • Total current liabilities: $102,000
    • Inventory (optional, for quick ratio): $55,000
    • Prepaid expenses (optional, for quick ratio): $5,000
    • Cash and cash equivalents (optional, for cash ratio): $45,000

    Find: Current ratio

  4. Problem 4.
    • Total current assets: $290,000
    • Total current liabilities: $150,000
    • Inventory (optional, for quick ratio): $55,000
    • Prepaid expenses (optional, for quick ratio): $6,200
    • Cash and cash equivalents (optional, for cash ratio): $24,000

    Find: Current ratio

  5. Problem 5.
    • Total current assets: $270,000
    • Total current liabilities: $147,500
    • Inventory (optional, for quick ratio): $50,000
    • Prepaid expenses (optional, for quick ratio): $5,000
    • Cash and cash equivalents (optional, for cash ratio): $20,000

    Find: Current ratio

  6. Problem 6.
    • Total current assets: $240,000
    • Total current liabilities: $110,000
    • Inventory (optional, for quick ratio): $56,000
    • Prepaid expenses (optional, for quick ratio): $4,500
    • Cash and cash equivalents (optional, for cash ratio): $27,500

    Find: Current ratio

  7. Problem 7.
    • Total current assets: $280,000
    • Total current liabilities: $110,000
    • Inventory (optional, for quick ratio): $60,000
    • Prepaid expenses (optional, for quick ratio): $5,000
    • Cash and cash equivalents (optional, for cash ratio): $22,500

    Find: Current ratio

  8. Problem 8.
    • Total current assets: $250,000
    • Total current liabilities: $112,500
    • Inventory (optional, for quick ratio): $45,000
    • Prepaid expenses (optional, for quick ratio): $5,250
    • Cash and cash equivalents (optional, for cash ratio): $30,000

    Find: Current ratio

  9. Problem 9.
    • Total current assets: $200,000
    • Total current liabilities: $100,000
    • Inventory (optional, for quick ratio): $50,000
    • Prepaid expenses (optional, for quick ratio): $5,000
    • Cash and cash equivalents (optional, for cash ratio): $22,500

    Find: Current ratio

  10. Problem 10.
    • Total current assets: $225,000
    • Total current liabilities: $137,500
    • Inventory (optional, for quick ratio): $41,000
    • Prepaid expenses (optional, for quick ratio): $5,250
    • Cash and cash equivalents (optional, for cash ratio): $36,500

    Find: Current ratio

Calcapedia · Current Ratio worksheet · seed 1 · calcapedia.com/worksheet/current-ratio?seed=1&n=10

More free calculators and worksheets: visit calcapedia.com

Common Core State Standards: © Copyright 2010. National Governors Association Center for Best Practices and Council of Chief State School Officers. All rights reserved.

Answer key: Current Ratio worksheet

  1. 1. Current ratio: 1.61

    1. Divide current assets by current liabilities. This shows how many dollars you have for each dollar due this year

      $225,000.00$140,000.00=1.607143

    2. Subtract to get working capital, the dollar cushion between the two

      $225,000.00−$140,000.00=$85,000.00

    3. Take out inventory and prepaid expenses, because they are slow or impossible to turn into cash. What is left is quick assets

      $225,000.00−$57,500.00−$3,800.00=$163,700.00

    4. Divide quick assets by current liabilities to get the quick (acid-test) ratio

      $163,700.00$140,000.00=1.169286

    5. Divide cash by current liabilities to see how much of each dollar owed cash alone covers

      $25,000.00$140,000.00=0.178571

  2. 2. Current ratio: 1.26

    1. Divide current assets by current liabilities. This shows how many dollars you have for each dollar due this year

      $170,000.00$135,000.00=1.259259

    2. Subtract to get working capital, the dollar cushion between the two

      $170,000.00−$135,000.00=$35,000.00

    3. Take out inventory and prepaid expenses, because they are slow or impossible to turn into cash. What is left is quick assets

      $170,000.00−$60,000.00−$6,000.00=$104,000.00

    4. Divide quick assets by current liabilities to get the quick (acid-test) ratio

      $104,000.00$135,000.00=0.77037

    5. Divide cash by current liabilities to see how much of each dollar owed cash alone covers

      $26,000.00$135,000.00=0.192593

  3. 3. Current ratio: 1.96

    1. Divide current assets by current liabilities. This shows how many dollars you have for each dollar due this year

      $200,000.00$102,000.00=1.960784

    2. Subtract to get working capital, the dollar cushion between the two

      $200,000.00−$102,000.00=$98,000.00

    3. Take out inventory and prepaid expenses, because they are slow or impossible to turn into cash. What is left is quick assets

      $200,000.00−$55,000.00−$5,000.00=$140,000.00

    4. Divide quick assets by current liabilities to get the quick (acid-test) ratio

      $140,000.00$102,000.00=1.372549

    5. Divide cash by current liabilities to see how much of each dollar owed cash alone covers

      $45,000.00$102,000.00=0.441176

  4. 4. Current ratio: 1.93

    1. Divide current assets by current liabilities. This shows how many dollars you have for each dollar due this year

      $290,000.00$150,000.00=1.933333

    2. Subtract to get working capital, the dollar cushion between the two

      $290,000.00−$150,000.00=$140,000.00

    3. Take out inventory and prepaid expenses, because they are slow or impossible to turn into cash. What is left is quick assets

      $290,000.00−$55,000.00−$6,200.00=$228,800.00

    4. Divide quick assets by current liabilities to get the quick (acid-test) ratio

      $228,800.00$150,000.00=1.525333

    5. Divide cash by current liabilities to see how much of each dollar owed cash alone covers

      $24,000.00$150,000.00=0.16

  5. 5. Current ratio: 1.83

    1. Divide current assets by current liabilities. This shows how many dollars you have for each dollar due this year

      $270,000.00$147,500.00=1.830508

    2. Subtract to get working capital, the dollar cushion between the two

      $270,000.00−$147,500.00=$122,500.00

    3. Take out inventory and prepaid expenses, because they are slow or impossible to turn into cash. What is left is quick assets

      $270,000.00−$50,000.00−$5,000.00=$215,000.00

    4. Divide quick assets by current liabilities to get the quick (acid-test) ratio

      $215,000.00$147,500.00=1.457627

    5. Divide cash by current liabilities to see how much of each dollar owed cash alone covers

      $20,000.00$147,500.00=0.135593

  6. 6. Current ratio: 2.18

    1. Divide current assets by current liabilities. This shows how many dollars you have for each dollar due this year

      $240,000.00$110,000.00=2.181818

    2. Subtract to get working capital, the dollar cushion between the two

      $240,000.00−$110,000.00=$130,000.00

    3. Take out inventory and prepaid expenses, because they are slow or impossible to turn into cash. What is left is quick assets

      $240,000.00−$56,000.00−$4,500.00=$179,500.00

    4. Divide quick assets by current liabilities to get the quick (acid-test) ratio

      $179,500.00$110,000.00=1.631818

    5. Divide cash by current liabilities to see how much of each dollar owed cash alone covers

      $27,500.00$110,000.00=0.25

  7. 7. Current ratio: 2.55

    1. Divide current assets by current liabilities. This shows how many dollars you have for each dollar due this year

      $280,000.00$110,000.00=2.545455

    2. Subtract to get working capital, the dollar cushion between the two

      $280,000.00−$110,000.00=$170,000.00

    3. Take out inventory and prepaid expenses, because they are slow or impossible to turn into cash. What is left is quick assets

      $280,000.00−$60,000.00−$5,000.00=$215,000.00

    4. Divide quick assets by current liabilities to get the quick (acid-test) ratio

      $215,000.00$110,000.00=1.954545

    5. Divide cash by current liabilities to see how much of each dollar owed cash alone covers

      $22,500.00$110,000.00=0.204545

  8. 8. Current ratio: 2.22

    1. Divide current assets by current liabilities. This shows how many dollars you have for each dollar due this year

      $250,000.00$112,500.00=2.222222

    2. Subtract to get working capital, the dollar cushion between the two

      $250,000.00−$112,500.00=$137,500.00

    3. Take out inventory and prepaid expenses, because they are slow or impossible to turn into cash. What is left is quick assets

      $250,000.00−$45,000.00−$5,250.00=$199,750.00

    4. Divide quick assets by current liabilities to get the quick (acid-test) ratio

      $199,750.00$112,500.00=1.775556

    5. Divide cash by current liabilities to see how much of each dollar owed cash alone covers

      $30,000.00$112,500.00=0.266667

  9. 9. Current ratio: 2

    1. Divide current assets by current liabilities. This shows how many dollars you have for each dollar due this year

      $200,000.00$100,000.00=2

    2. Subtract to get working capital, the dollar cushion between the two

      $200,000.00−$100,000.00=$100,000.00

    3. Take out inventory and prepaid expenses, because they are slow or impossible to turn into cash. What is left is quick assets

      $200,000.00−$50,000.00−$5,000.00=$145,000.00

    4. Divide quick assets by current liabilities to get the quick (acid-test) ratio

      $145,000.00$100,000.00=1.45

    5. Divide cash by current liabilities to see how much of each dollar owed cash alone covers

      $22,500.00$100,000.00=0.225

  10. 10. Current ratio: 1.64

    1. Divide current assets by current liabilities. This shows how many dollars you have for each dollar due this year

      $225,000.00$137,500.00=1.636364

    2. Subtract to get working capital, the dollar cushion between the two

      $225,000.00−$137,500.00=$87,500.00

    3. Take out inventory and prepaid expenses, because they are slow or impossible to turn into cash. What is left is quick assets

      $225,000.00−$41,000.00−$5,250.00=$178,750.00

    4. Divide quick assets by current liabilities to get the quick (acid-test) ratio

      $178,750.00$137,500.00=1.3

    5. Divide cash by current liabilities to see how much of each dollar owed cash alone covers

      $36,500.00$137,500.00=0.265455

Calcapedia · Current Ratio worksheet · seed 1 · calcapedia.com/worksheet/current-ratio?seed=1&n=10

More free calculators and worksheets: visit calcapedia.com