Question: Computing and Interpreting the Current Ratio Calculate the current ratio for Sals Pizza Company at the end of 2007 and 2008, based on the following

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?

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

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