Paul is a student. All of Paul’s disposable income is used to pay for his post-secondary education expenses. While he has no liabilities (he is on a scholarship), he does have a credit card that he typically uses for emergencies. He and a friend went on a shopping spree inToronto costing $2000, which Paul charged to his credit card. Paul has
$20 in his wallet, but his bank accounts are empty.
What is Paul’s current ratio? What does this ratio indicate about his financial position?