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Evaluate how much is charle current ratio

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Reference no: EM132763704

A partial list shows that Charles Corporation's adjusted trial balance included the following items (all account balances are normal):

Accounts payable $36,500,

Accounts receivable $57,000,

Capital stock $100,000,

Cash $51,000,

Dividends $10,000,

Interest expense $4,000,

Interest payable $5,000,

Inventory $32,000,

Prepaid expenses $5,600,

Property, plant & equipment $123,000,

Retained earnings $46,000,

Rent expense $18,000,

Revenues $101,000, and Salary expense $60,000.

Problem 1: How much is Charle's current ratio?

Reference no: EM132763704

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