Determine the total current assets balance for DoveDove Sporting Goods at March 31, 2013, and then compute the current ratio as of March 31, 2014 and as of March 31, 2013.

Begin by determining the total current assets balance for DoveDove Sporting Goods at March 31, 2013.

Total current asset at March 31, 2013 amount to

Dove Sporting Goods Company
Balance Sheets
31-Mar
		2014	2013
ASSETS
Current:
Cash		$1,300	$1,000
Accounts receivable		28,500	29,500
Inventories		34,000	34,600
Other current assets		4,700	3,500
Total current assets		68,500	?
Property and equipment, net		6,100	5,100
Other assets		27,000	38,900
Total assets		$101,600	$112,600
LIABILITIES
Total current liabilities		$55,100	$63,600
Long-term liabilities		400	1,200
Total liabilities		55,500	64,800
STOCKHOLDERS' EQUITY
Common stock		29,000	28,900
Retained earnings		17,100	18,900
Total stockholders' equity		46,100	47,800
Total liabilities and stockholders' equity		$101,600	$112,600

Answer rating: 100% (QA)

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