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50.The following financial statement information is available for Buil Corporation: 2017 2016 Inventory $ 44,000 $ 43,000 Current assets 80,000 106,000 Total assets 432,000 358,000
50.The following financial statement information is available for Buil Corporation:
| 2017 | 2016 | |
| Inventory | $ 44,000 | $ 43,000 |
| Current assets | 80,000 | 106,000 |
| Total assets | 432,000 | 358,000 |
| Current liabilities | 25,000 | 36,000 |
| Total liabilities | 102,000 | 88,000 |
The current ratio for 2017 is
| .31:1. |
|
| 4.24:1. |
|
| 3.2:1. |
|
| 1.5:1. |
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Auditing And Assurance Services
Authors: William Messier, Steven Glover, Douglas Prawitt
6th International Edition
0071284664, 978-0071284660
