Ratio analysis of balance sheet and current ration

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Reference no: EM1313777

Ratio Analysis of balance sheet - Current ration, acid test ratio etc.

Operating data for Gallup Corporation are presented below.

Balance Sheets
December 31

	2008	2007
Cash	$4,300	$3,700
Accounts receivable	21,200	23,400
Inventory	10,000	7,000
Land	20,000	26,000
Building	70,000	70,000
Accumulated depreciation	-15,000	-10,000
Total	$110,500	$120,100
Accounts payable	$12,370	$31,100
Common stock	75,000	69,000
Retained earnings	23,130	20,000
Total	$110,500	$120,100

Reference no: EM1313777

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