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need this to be done soon!! Week 3 Ipx M2 24 Evaluating the Impact of Transactions on the Current Ratio [125] The balance sheet of

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Week 3 Ipx M2 24 Evaluating the Impact of Transactions on the Current Ratio [125] The balance sheet of Mister Ribs Restaurant reports current assets of $36,000 and current liabilities of $18,000 Calculate the current ratio of Mister Ribs Restaurant and determine whether it will increase or decrease as a result of the following transactions a. Paid $4,500 cash for a new oven Effect Current Ratio Numerator Denominator b. Received a $4,500 cash contribution from the company's main stockholder Current Ratio Effect Numerator Denominator

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