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A company's trial balance included the following account balances: Accounts Payable $ 19,397 Accounts Receivable 81,526 Cash 73,514 Income Tax Payable 3,702 Inventory 26,006 Note
A company's trial balance included the following account balances:
Accounts Payable | $ | 19,397 | |
Accounts Receivable | 81,526 | ||
Cash | 73,514 | ||
Income Tax Payable | 3,702 | ||
Inventory | 26,006 | ||
Note Payable, due in two years | 1,899 | ||
Equipment | 56,028 | ||
Stockholders Equity | 204,708 | ||
Supplies | 5,702 | ||
Wages Payable | 13,070 | ||
What is the amount of the current ratio?
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