Additional information for $2024$:

Net income is $$111,600.$

Sales on account are $$1,382,500.$

Cost of goods sold is $$1,077,150.$

Required:

Calculate the following risk ratios for $2024$ :

When we compare two companies, can one have a higher current ratio while the other has a higher acid$-$test ratio?

Complete this question by entering your answers in the tabs below.

Required:

Calculate the following risk ratios for $2024$ :

When we compare two companies, can one have a higher current ratio while the other has a higher acid$-$test ratio?

Complete this question by entering your answers in the tabs below.

When we compare two companies, can one have a higher current ratio while the other has a higher acid$-$test ratio?

When we compare two companies, can one have a higher current ratio while the other has a higher acid$-$test ratio?