Question: Week 9 - Homework: Chapter 18 7 of 10 > > - / 4.5 Selected financial statement data for Splish Brothers Company are presented

below. December 31, 2020 Cash $42,300 Short-term investments 20,400 Receivables (net) 102,540

Week 9 - Homework: Chapter 18 7 of 10 > > - / 4.5 Selected financial statement data for Splish Brothers Company are presented below. December 31, 2020 Cash $42,300 Short-term investments 20,400 Receivables (net) 102,540 Inventory 91,800 Total current liabilities 108,000 During 2020, net sales were $982,700, and cost of goods sold was $873,400. (a) Compute the current ratio at December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.) Current ratio :1

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