A company's classified balance sheet reported current assets of $1,623,850, total liabilities of $799,540, common shares of $1,000,000, and retained earnings of $130,260. The current ratio was 2.5.


Use the information above to answer the following question. 

What is the total amount of non-current assets?

Answer rating: 100% (QA)

To find the total amount of noncurrent assets we need to use the current ratio formula which ... View the full answer