What is the current ratio for a company with current assets of $15,000 and current liabilities of $22,000?

The current ratio is a financial metric used to evaluate a company's ability to pay its short-term liabilities with its short-term assets. It is calculated by dividing current assets by current liabilities. In this case, the company's current assets are $15,000, and its current liabilities are $22,000.

When you perform the calculation:

Current Ratio = Current Assets / Current Liabilities

Current Ratio = $15,000 / $22,000

Current Ratio = 0.6818 (approximately 0.68)

This means for every dollar of current liabilities, the company has about 0.68 dollars of current assets. A current ratio of less than 1 indicates that the company may have difficulty meeting its short-term obligations, as its liabilities exceed its assets.

Thus, the current ratio of approximately 0.68 is reflective of the company's financial health in terms of liquidity, showcasing its ability to handle current liabilities as they come due.