using the balance sheet, calculate the current ratio. comment on whether or not the ratio shows financial strength

File Home Insert Draw P age Layout Formulas Data Review View Help X LU BA Calibri BIU ste Accounting $ % 48-8 11 AA == Wrap Text - AA EEEE Merge & Center - Font Alignment for =SUM(B12+B17 Conditional Format as Formatting Table Coll Styles For Clipboard 6 Number Styles B19 X December 31, 20X4 6 ASSETS 7 Current Assets 8 Cash 9 Accounts Receivable 10 Supplies 11 Inventory 12 Total Current Assets 30,000 60,000 10,000 45,000 145,000 LIABILITIES & NET WORTH Current Liabilities Accounts Payable Current Portion - Long Term Debt Total Current Liabilities $ 32,200 $ 65,000 $ 97,200 Non-current Liabilities Long Term Debt, net of Current Portion Total Non-Current Liabilities $ 210,000 $ 210,000 14 Non-current Assets 15 Equipment 16 Building 17 Total Non-current Assets 193,000 200,000 393,000 NET WORTH Owner's Equity $ 230,800 19 TOTAL ASSETS 538,000 TOTAL LIABILITIES & NET WORTH $ 538,000 22 Current Ratio: Scenario & Questions Income Statement & Budget Balance Sheet Trial Balance Type here to search