Question: Using the information below, determine the current ratio for WTX Hospital: Cash & equivalents: $375,000 Accounts receivable: $285,000 Net fixed assets: $1,220,000 Accounts payable: $195,000

Using the information below, determine the current ratio for WTX Hospital:

Cash & equivalents: $375,000

Accounts receivable: $285,000

Net fixed assets: $1,220,000

Accounts payable: $195,000

Notes payable: $75,000

Capital lease obligations: $25,000

Net assets (equity): $1,450,000

  • A.1.1
  • B.2.4
  • C.3.3
  • D.2.2
  • E.1.9

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