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Calculate the various ratios based on the following information: CashMarketableSecuritiesAccountsReceivableInventoryBuilding(net)OtherAssetsMortgagepayable(duein3years)NotesPayable(duein6months)AccountsPayableCapitalStockRetainedEarnings90,000110,000232,000140,000450,00060,000408,000162,00051,000314,500146,500 (1) Current assets: $ (2) Current liabilities: $ (3) The current ratio: to 1 (4)
Calculate the various ratios based on the following information: CashMarketableSecuritiesAccountsReceivableInventoryBuilding(net)OtherAssetsMortgagepayable(duein3years)NotesPayable(duein6months)AccountsPayableCapitalStockRetainedEarnings90,000110,000232,000140,000450,00060,000408,000162,00051,000314,500146,500 (1) Current assets: \$ (2) Current liabilities: $ (3) The current ratio: to 1 (4) Working capital: $ (5) Quick ratio: to 1
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