Refer to the preceding balance sheet and income statement for Greenfern Corporation for the fiscal year ended

Question:

Refer to the preceding and income statement for Greenfern for the fiscal year ended July 31, 2014. What are the company's current ratio and quick ratio? What do these ratios tell us about Greenfern?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...