Computing and Interpreting the Current Ratio
Calculate the current ratio for Sal€™s Pizza Company at the end of 2007 and 2008, based on the following data:

What does the result suggest about the company over time? What can you say about Sal€™s Pizza Company€™s ratio when compared to Papa John€™s 2008ratio?

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Current Assets Current Liabilities End of 2007 End of $240,000 $260,000 $160,000 $220,000