compute current ratio for the current year

Required information The following information applies to the questions disployed beiow] Jeguar Plastics Company has boen operating for three years, At December 31 of last year, the occounting records refiected the following Dunng the current yoar, the company nad the foliowing sumibarized activities: a. Putchased shortuerm investments for 58,000 chsh b. terit $5.006 to a supplief, who soned a fwo-year note. c. Leased equipment that cout $24,000, paid $5,50 cash and silgned a five year right-ot-use ieose for the batance d. Hired a newrpresident at the end of the yoar. The contract was for $76,000 per year plus options to purchase compary stock at a set price based on company performance. The now president begins fier posion on Januiry: of next yeat. Mequised