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Compute the current ratio: Sales 250,000 50,000 40,000 Accounts Receivable Current Liabilities Long-Term Assets Current Assets Net Income Cost of Goods Sold 30,000 30,000 35,000

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Compute the current ratio: Sales 250,000 50,000 40,000 Accounts Receivable Current Liabilities Long-Term Assets Current Assets Net Income Cost of Goods Sold 30,000 30,000 35,000 60,000 Prepaid Expenses 10,000 Inventory 25,000 Plant & Equipment 70,000 1.50 1.33 O 0.75 1.75

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