Solution-Compute the current ratio

Compute the current ratio

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Using the following data, compute the current ratio. Return on sales, asset turnover, and return on equity.

Accounts Payable $ 3,500
Accounts Receivable 6,000
Building 65,000
Cash 2,100
Capital Stock 24,300
Inventory 4,100
Land 14,000
Long-Term Notes Payable 32,000
Market Value of Equity 103,000
Net Income 10,000
Retained Earnings (ending) 24,000
Sales 105,000
Short-Term Notes Payable 5,700
Stockholders' Equity 48,300
Unearned Revenue 1,700
Round your answer to two decimal places.

Reference no: EM13304314

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Compute the current ratio

Reference no: EM13304314

Reference no: EM13304314

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