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Kirsten Company presented the following data at the end of 2019: Cash $1,800,000 Accounts receivable 3,200,000 Merchandise inventory 2,800,000 Prepaid insurance 300,000 Property & equipment
Kirsten Company presented the following data at the end of 2019:
Cash | $1,800,000 |
Accounts receivable | 3,200,000 |
Merchandise inventory | 2,800,000 |
Prepaid insurance | 300,000 |
Property & equipment | 8,000,000 |
Accounts payable | 750,000 |
Unearned revenue | 800,000 |
Wages payable | 1,600,000 |
Bonds payable | 4,000,000 |
Determine the current ratio for Kirsten Company (rounded).
Select one:
A. 2.38
B. 4.41
C. 2.57
D. 4.23
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