Question
Ivanhoe Corporation reported the following current assets and current liabilities: Dec. 31, 2021 Dec. 31, 2020 Current assets Cash $29,000 $34,000 Debt investments 44,000
Ivanhoe Corporation reported the following current assets and current liabilities: Dec. 31, 2021 Dec. 31, 2020 Current assets Cash $29,000 $34,000 Debt investments 44,000 14,000 Accounts receivable 64,000 94,000 C Inventory 114,000 94,000 Prepaid expenses 42,020 29,000 Total current assets $293,020 $265,000 Current liabilities Accounts payable $124,000 $114,000 Salaries and wages payable 44,000 34,000 Income tax payable 14,000 19,000 Total current liabilities $182,000 $167,000 During 2021, net credit sales and cost of goods sold were $576,700 and $332,800, respectively. Net cash provided by operating activities for 2021 was $144,000. Compute the following liquidity measures for 2021: (Round answer to 2 decimal placea, e.g. 15.41 Current ratio :1 SUPPORT
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