Calculate the current ratio if Marsh Corporation has current assets valued at $15 million and current liabilities of $6 million:

To determine the current ratio, you divide the total current assets by the total current liabilities. The current ratio is a financial metric that provides insight into a company's liquidity, indicating its ability to pay off short-term obligations with its short-term assets.

In this case, Marsh Corporation has current assets of $15 million and current liabilities of $6 million. Calculating the current ratio involves the following formula:

Current Ratio = Current Assets / Current Liabilities

Plugging in the values:

Current Ratio = $15 million / $6 million = 2.5

This ratio of 2.5 means that for every dollar of current liability, Marsh Corporation has $2.50 in current assets. A current ratio greater than 1 indicates that the company has more current assets than current liabilities, which is generally a sign of good financial health.

Since 2.5 is among the choices given, it confirms that the calculation aligns with the correct understanding of the current ratio and reflects properly on the company’s ability to meet its short-term liabilities.