Question: Using the data below, compute CURRENT RATIO. Accounts Payable 800 Accounts Receivable 1,100 Capital Stock 2,000 Cash 50 Cost of Goods Sold 6,000 Inventory 1,500

Using the data below, compute CURRENT RATIO. Accounts Payable 800 Accounts Receivable 1,100 Capital Stock 2,000 Cash 50 Cost of Goods Sold 6,000 Inventory 1,500 Accounts Receivable Capital Stock Cash Cost of Goods Sold Inventory Long-term Debt Net Income Property, Plant, and Equipment (net) Retained Earnings Sales Market value of shares [:] 7.06 [] 3.31 [:] 0.87 [:] 1.01 [:] 0.30 1,100 2,000 50 6,000 1,500 1,820 950 3,000 1,030 10,000 12,000

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