Cost of Goods Sold	$180,000
Interest Expense	$ 10,000
Revenues	$265,000
Depreciation	$ 25,000
Tax Rate	40%
Net Fixed Assets	$150,000
Inventory	$ 60,000
Cash	$ 15,000
Accounts Receivable	$ 25,000
Notes Payable	$ 50,000
LT Bonds	$120,000
Accounts Payable	$ 30,000

Question 8 options:

Using the above information, calculate the Current Ratio.

Based on your result for the Current Ratio from the above question, which of the following can you conclude?

Question 9 options:

	The company has sufficient current assets to cover its upcoming current obligations.
	The company has more current assets than current liabilities.
	The company's current ratio is "red flag" that potentially indicates a financial weakness.
	Both a. and b. above