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I need a detailed explanation of how you got the answer NOT just the answer please. Please see attached image for question. Thank you. Cuny,
I need a detailed explanation of how you got the answer NOT just the answer please. Please see attached image for question. Thank you.
Cuny, Inc. reported the following common size date for the year ended December 31, 2022: For 2021, Cuny, Inc. reported sales of $183,100,000 and for 2022, sales of $215,600,000. At the end of 2021, Cuny, Inc.'s total assets were \$75,900,000 and common equity was $37,800,000. At the end of 2022, total assets were $95,300,000. Use this information to answer question 3 and 4. 3. Calculate Cuny, Inc.'s current ratio (as of December 31, 2022). A. 2.4 B. 4.6 C. 5.0 D. Can't tell. More information is needed. E. None of above
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