Reference no: EM132706661
Question - Vaughn Vacuum's most recent balance sheet:
Cash $700,000 Accounts Payable $1,200,000
Marketable Securities 950,000 Notes Payable 2,500,000
Accounts Receivable 1,250,000 Long-Term Debt 1,600,000
Inventory 3,400,000 Common Stock 4,250,000
Net Fixed Assets 6,550,000 Retained Earnings 3,300,000
Total Assets $12,850,000 Total Claims $12,850,000
Required - Compute VV's Current Ratio.
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