Question
Laurier Inc. had the following account balances at the end of the year Cash 73000 Equipment 180000 Accounts payable 31000 Accounts receivable 78000 Bonds payable
Laurier Inc. had the following account balances at the end of the year
Cash 73000
Equipment 180000
Accounts payable 31000
Accounts receivable 78000
Bonds payable 62000 due in five years
Share capital 89000
Income tax payable 6500
Inventory 83000
Calculate the current ratio. Round your answer to two decimal places.
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Forensic Accounting And Fraud Examination
Authors: Mary Jo Kranacher, Richard Riley
2nd Edition
1119494338, 9781119494331
