Question: The balance sheet of Mister Ribs Restaurant reports current assets

The balance sheet of Mister Ribs Restaurant reports current assets of $ 30,000 and current liabilities of $ 15,000. Calculate and interpret the current ratio. Does it appear likely that Mister Ribs will be able to pay its current liabilities as they come due in the next year?

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  • CreatedNovember 02, 2015
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