Question: Based on the following information, calculate the current ratio. Please round up to two decimal points. Cash 10000 Accounts Receivable 20000 Inventory 30000 Accounts Payable

Based on the following information, calculate the current ratio. Please round up to two decimal points.

Cash 10000

Accounts Receivable 20000

Inventory 30000

Accounts Payable 20000

Income Taxes Payable 10000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!