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Lee Kim Inc.'s most recent statement of financial position includes Cash................................................... $7,500 Accounts receivable............................ 10,000 Inventory............................................ 13,300 Plant and equipment (net)................. 73,700 Accounts payable............................... 14,000
Lee Kim Inc.'s most recent statement of financial position includes
Cash................................................... | $7,500 | ||
Accounts receivable............................ | 10,000 | ||
Inventory............................................ | 13,300 | ||
Plant and equipment (net)................. | 73,700 | ||
Accounts payable............................... | 14,000 | ||
Long-term bonds payable.................. | 50,000 | ||
Common shares................................ | 20,000 | ||
Retained earnings............................. | 20,500 |
To two decimals, Lee Kim Inc. has a current ratio of:
| .48. |
| 2.20. |
| .27. |
| 1.63. |
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