Calculate the current ratio based on the information below (show all work for credit). Column1 Paste A.
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Calculate the current ratio based on the information below (show all work for credit).
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Column1 Paste A. Total Income B. Total Income Taxes C. After-Tax Income Available for Living Expenditures or Take-Home Pay (line A minus line B) D. Total Housing Expenditures E. Total Food Expenditures F. Total Clothing and Personal Care Expenditures G. Total Transportation Expenditures H. Total Recreation Expenditures I. Total Medical Expenditures J. Total Insurance Expenditures K. Total Other Expenditures L. Total Living Expenditures (add lines D-K) M. Income Available for Savings and Investment Income Wages and salaries Wage Earner 1 Wage Earner 2 Total Wages and salaries. + Interest and Dividends +Royalties, Commissions and Rents + Other Income Taxes Federal Income and Social Security + State Income Living Expenses Housing Rent + Mortgage Payments + Utilities Maintenance, Taxes, Furniture, Other Food Food and Supplies + Restaurant Expenses Clothing and Personal Care Transportation Automobile Purchase + Payments + Gas, Tolls, Parking, Other Recreation + Vacations + Other Recreation Expenses Medical Expenditures Insurance Expenditures Health +Life + Automobile + Disability Other Expenditures Educational Expenditures (college loan payment) + Child Care + Other Expenses $59,000 $7,880 $51,120 $17,000 $7,200 $2,590 $6,350 $3,700 $410 $1,940 $3,780 $42,970 $8,150 Column2 $35,000 $24,000 $59,000 $0 $6,000 $1,880 $12,000 $5,000 $5,800 $1,400 $2,590 $4,800 $1,550 $2,000 $1,700 $410 $420 $1,260 $260 $3,600 $180 $42,970 Column1 Paste A. Total Income B. Total Income Taxes C. After-Tax Income Available for Living Expenditures or Take-Home Pay (line A minus line B) D. Total Housing Expenditures E. Total Food Expenditures F. Total Clothing and Personal Care Expenditures G. Total Transportation Expenditures H. Total Recreation Expenditures I. Total Medical Expenditures J. Total Insurance Expenditures K. Total Other Expenditures L. Total Living Expenditures (add lines D-K) M. Income Available for Savings and Investment Income Wages and salaries Wage Earner 1 Wage Earner 2 Total Wages and salaries. + Interest and Dividends +Royalties, Commissions and Rents + Other Income Taxes Federal Income and Social Security + State Income Living Expenses Housing Rent + Mortgage Payments + Utilities Maintenance, Taxes, Furniture, Other Food Food and Supplies + Restaurant Expenses Clothing and Personal Care Transportation Automobile Purchase + Payments + Gas, Tolls, Parking, Other Recreation + Vacations + Other Recreation Expenses Medical Expenditures Insurance Expenditures Health +Life + Automobile + Disability Other Expenditures Educational Expenditures (college loan payment) + Child Care + Other Expenses $59,000 $7,880 $51,120 $17,000 $7,200 $2,590 $6,350 $3,700 $410 $1,940 $3,780 $42,970 $8,150 Column2 $35,000 $24,000 $59,000 $0 $6,000 $1,880 $12,000 $5,000 $5,800 $1,400 $2,590 $4,800 $1,550 $2,000 $1,700 $410 $420 $1,260 $260 $3,600 $180 $42,970
Expert Answer:
Answer rating: 100% (QA)
The current ratio is a liquidity ratio that measures a companys ability to pay shortterm obligations ... View the full answer
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
Posted Date:
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