Use the Co Co Roofers Inc. balance sheet data given on the previous page. 1. Compute the

Question:

Use the Co Co Roofers Inc. balance sheet data given on the previous page.

1. Compute the company's current ratio at December 31, 2014 and 2013.

2. Did Co Co Roofers Inc.'s current ratio value improve, deteriorate, or hold steady during 2014?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...