Sheridan Boutique reported the following financial data for 2022 and 2021. Sheridan Boutique Balance Sheet (partial)...
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Sheridan Boutique reported the following financial data for 2022 and 2021. Sheridan Boutique Balance Sheet (partial) September 30 (in thousands) 2022 2021 Current assets Cash and short-term deposits $2,585 $1,035 Accounts receivable 2,165 1,595 Inventories 1,215 1,025 Other current assets 335 205 Total current assets $6,300 $3,860 Current liabilities $4,515 $2,635 (a) Calculate the current ratio for Sheridan Boutique for 2022 and 2021. (Round answers to 2 decimal places, e.g. 1.25:1) 2022 2021 Current ratio :1 :1 eTextbook and Media Sheridan Boutique reported the following financial data for 2022 and 2021. Sheridan Boutique Balance Sheet (partial) September 30 (in thousands) 2022 2021 Current assets Cash and short-term deposits $2,585 $1,035 Accounts receivable 2,165 1,595 Inventories 1,215 1,025 Other current assets 335 205 Total current assets $6,300 $3,860 Current liabilities $4,515 $2,635 (a) Calculate the current ratio for Sheridan Boutique for 2022 and 2021. (Round answers to 2 decimal places, e.g. 1.25:1) 2022 2021 Current ratio :1 :1 eTextbook and Media
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Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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