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Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts Receivable 22,078 26,350 Inventory 35,422 37,640 Total Current Assets
Consider the following information from the financial statements for Rock Inc.
Last Year | This Year | |
Accounts Receivable | 22,078 | 26,350 |
Inventory | 35,422 | 37,640 |
Total Current Assets | 151,140 | 172,928 |
Total Assets | 484,870 | 479,524 |
Total Current Liabilities | 25,497 | 27,190 |
Total Liabilities | 210,959 | 216,909 |
Sales | 446,974 | |
Cost of Goods Sold | 119,111 | |
Operating Expenses | 101,372 | |
Calculate this year's current ratio. (enter 2 decimal places. e.g. enter .2968 as .30)
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