What is the Current Ratio for john Roe

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John Roe is attempting to categorize several items from his company's financial statements so he can determine his working capital. Joe notices the following categories of accounts and amounts: cash, $3644; accounts payable, $9923; accounts receivable, $15528; sales taxes due city of Phoenix, $671; sales taxes due the Arizona Department of Revenue, $3814; inventory, $18185; wages payable, $5622; taxes payable (federal), $2599; money market fund, $12818; and computer, $3484.

Problem 1: What is the Current Ratio? (Round your answer to four decimal's, i.e. 123.4567)

Reference no: EM132701448

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