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Compute the current ratio at december 31

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Brief Exercise 172 Selected financial statement data for Freeman Company are presented below.

12/31/17
Cash mce_markernbsp;10,000
Short-term investments 20,000
Accounts receivable 60,000
Inventories 75,000
Total current liabilities 100,000

Compute the current ratio at December 31, 2017. (Round answer to 2 decimal places, e.g. 2.15:1)

Compute the acid-test ratio at December 31, 2017. (Round answer to 2 decimal places, e.g. 2.15:1)

Reference no: EM131822190

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