Question: show work please. Question 2 John Roe is attempting to categorize several items from his company's financial statements so he can determine his working capital.

 show work please. Question 2 John Roe is attempting to categorize

show work please.

Question 2 John Roe is attempting to categorize several items from his company's financial statements so he can determine his working capital. Joe notices the following categories of accounts and amounts: cash, $3697; accounts payable, $10346; accounts receivable. $14916; sales taxes due city of Phoenix, $673; sales taxes due the Arizona Department of Revenue, $3504; inventory, $16545; wages payable, $5443; taxes payable (federal), $2579; money market fund, $12187; and computer, $3528. What is the Current Ratio? (Round your answer to four decimals, i.e. 123.4567)

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 Finance Questions!