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8 of 8 View Policies Current Attempt in Progress Sunland Boutique reported the following financial data for 2025 and 2024. Sunland Boutique Balance Sheet (partial)
8 of 8 View Policies Current Attempt in Progress Sunland Boutique reported the following financial data for 2025 and 2024. Sunland Boutique Balance Sheet (partial) September 30 (in thousands) 2025 2024 Current assets Cash $2,598 $1,034 Accounts receivable 2,170 1,600 Inventories 1,220 1,030 Other current assets 340 210 Total current assets $6,328 $3,874 Current liabilities $4,520 $2,600 (a) Calculate the current ratio for Sunland Boutique for 2025 and 2024. (Round answers to 2 decimal plac (a) Calculate the current ratio for Sunland Boutique for 2025 and 2024. (Round answers to 2 decimal places, e.g. 1.25:1.) Current ratio eTextbook and Media Save for Later 2025 :1 2024 :1 Attempts: 0 of 3 used Submit Ans Step by Step Solution
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Advanced Accounting
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
13th edition
134472144, 978-0134472140
