Question: Using the following financial statement data excerpts from KRJ Enterprises annual report, calculate the current ratio (note that all current asset accounts are listed). Present
Using the following financial statement data excerpts from KRJ Enterprises annual report, calculate the current ratio (note that all current asset accounts are listed). Present your answer to two decimal places. e.g. 20.00.
| Cash & marketable securities | $154 |
| Accounts receivable | $315 |
| Inventory | $444 |
| Other current assets | $234 |
| Fixed assets (net) | $1,109 |
| Intangible assets | $182 |
| Long-term investments | $257 |
| Total current liabilities | $690 |
| Long-term debt | $918 |
| Other long-term liabilities | $155 |
| Stockholders equity | $291 |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
