calculate the followings ratios. 1. Assets Current Assets (CA) Cash Account Receivable Inventory Total CA Fixed Assets

calculate the followings ratios.

   

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1. Assets Current Assets (CA) Cash Account Receivable Inventory Total CA Fixed Assets Net plant and Equipment Total Assets Purple Corporation Balance Sheets as of December 31, 2022 2022 $122,000 149,000 119,000 $390,000 $2703,000 $3,093,000 Liabilities and Owner's Equity Current Liabilities (CL) Account Payable Notes Payable Total CL Long-term debt Owner's Equity Common stock and Paid-in capital Retained earnings Total Equity Total liabilities and owners' equity 2022 $241,000 199,000 440,000 $1,251,000 $175,000 1227,000 $1402,000 $3,093,000 1. Assets Current Assets (CA) Cash Account Receivable Inventory Total CA Fixed Assets Net plant and Equipment Total Assets Purple Corporation Balance Sheets as of December 31, 2022 2022 $122,000 149,000 119,000 $390,000 $2703,000 $3,093,000 Liabilities and Owner's Equity Current Liabilities (CL) Account Payable Notes Payable Total CL Long-term debt Owner's Equity Common stock and Paid-in capital Retained earnings Total Equity Total liabilities and owners' equity 2022 $241,000 199,000 440,000 $1,251,000 $175,000 1227,000 $1402,000 $3,093,000

Answer rating: 100% (QA)

Solution a Current Ratio Current Ratio is a Liquidity Ratio which measures whether company is able t... View the full answer