Chapter 9 Exercise The top management of Princeton Marketing Services examines the following company accounting records at August 29, immediately before the end of the year, August 31 Total current assets Non current assets 325,000.00 1,086,400.00 1,411,400.00 Total current liabilities Noncurrent liabilities Owner's equity 173,700.00 251,500.00 986,200.00 1,411,400.00 Requirement Suppose Princeton's management wants to achieve a current ratio of 2.25. How much in current liabilities should Princeton's pay off within the next two days in order to achieve its goal? Answer To achieve a current ratio of 2.25, Princeton Marketing Services should pay off of current liabilities within the next two days. Computation