Question
Night Train Incorporated has posted a partial balance sheet from their current financials. The company would like help in calculating their liquidity position. Balance Sheet
Night Train Incorporated has posted a partial balance sheet from their current financials. The company would like help in calculating their liquidity position.
| Balance Sheet | Current Financials |
|---|---|
| Accounts Receivable | $722,500.00 |
| Cash and Marketable Securities | $201,200.00 |
| Inventory | $450,950.00 |
| Notes Payable | $521,100.00 |
| Accounts Payable | $341,650.00 |
Find the current ratio for the firm.
round to 2 decimals
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Making Sense Of School Finance
Authors: Clinton Born
1st Edition
1475856652, 978-1475856651
