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What is the current ratio for the firm

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Reference no: EM133033280

Question - What is the current ratio for the firm with the following data?

Assets:

Cash: $30,000

A/R: $45,000

Inventory: $75,000

Equipment: $100,000

Goodwill: $50,000

Equities:

Current bills: (you need to calculate)

A/P: $30,000

Withholding taxes: $10,000

Mortgage: $150,000

Owner's Equity: $100,000

What is the current ratio?

Reference no: EM133033280

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