Question: At December 3 1 , 2 0 2 4 , Michelle Walker Corporation reported current assets of $ 3 4 4 , 9 3 3
At December Michelle Walker Corporation reported current assets of $ and current liabilities of $ The following items may have been recorded incorrectly. Walker uses a perpetual inventory system.
Goods purchased costing $ were shipped fob shipping point by a supplier on December Walker received and recorded the invoice on December but the goods were not included in Walker's inventory because they were not received until January
Goods purchased costing $ were shipped fob destination by a supplier on December Walker received and recorded the invoice on December but the goods were not included in Walker's inventory because they were not received until January
Goods held on consignment from Claudia Kishi Company were included in Walker's December inventory at
$
a
Compute the current ratio based on Walker's balance sheet. Round ratio to decimal places, eg:
The current ratio
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