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Calculate current ratio

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Reference no: EM132477399

The .042. seems really low. Liabilities for 2018 are lower than assests for 2018. Ideally it was talked about a 2:1 ratio.

Solvency Ratios

1) Ability to Current Liabilities: Current Ratio

Question a. Calculate Current Ratio

                                          2018                             2017

Current Liabilities           $243,784.00         $400,429.00

Current Assets             $318,439.00             $284,651.00

Question b. Calculate Current Ratio 0.765559495 1.406736671

  • The Suggested level for a good result is .0.42. Analysis is via horizonal analysis.

Reference no: EM132477399

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