In FY 2020, the MLK Settlement House has total assets of $1.2 million and current assets of $300,000. Its current liabilities are $200,000 and long-term liabilities are $800,000. What three ratios can be used with this data? Calculate the ratios and show your work. Given the fact that there is only one year's worth of data, what conclusions can you draw? (What does that all mean?)

Answer rating: 100% (QA)

Answer Interpretation The Current Ratio of 15 indicates that the MLK Settlement House has 150 in cu... View the full answer