Reference no: EM132823788
Question - Calculate the current ratio in each of the following cases and indicate whether it is Favourable Unfavourable (F) or (U) (assuming that the current ratio for the industry is an average of 1.1): (Round the final answers to 2 decimal places.)
Case 1: Current Assets $72,000 (add,divided,multpliy or minus) Current Liabilities 30,000.
Case 2 :Current Assets $96,000 (add,divided,multpliy or minus) Current Liabilities 74,000.
Case 3: Current Assets $38,000 (add,divided,multpliy or minus) Current Liabilities 47,000.
Case 4 :Current Assets $76,500 (add,divided,multpliy or minus) Current Liabilities 79,600.
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