Pepe post dosing trial balance Dec 4* Calculating the current ratio to? cukutane (to two decimal places) the current ratio in each of the following cases and indicate whether it is Table (P) or infaveuratie (U) (assuming that the current ratio for the industry is an age of 1.1) Cases Can Cons $10.00 Eserce Calculating the current ratio and quick ratio 107 The following is selected simplified information from Organic Catering's balance sheet us at December 31 30 und December 31, 2021. You, business analyst at Organic Catering, have been used to calculate the cut unutie and the quick ratio (round to two decimal places). Provide your manager with comments on the 5. Prepare the journal entries for the closing entries and post them to the T-accounts. 6. Prepare a post-closing trial balance. Exercise 4-19 Calculating the current ratio LO7 Calculate (to two decimal places) the current ratio in each of the following cases and indicate whether it is Favourable (F) or Unfavourable (U) (assuming that the current ratio for the industry is an average of 1.1): Case 1 Case 2 Case 3 Case 4 Current Assets $78,000 $104,000 $44,000 $84.500 Current Liabilities 31,000 75.000 48.000 80,600 Exercise 4-20 Calculating the current ratio and quick ratio LO7 The following is selected simplified information from Organic Catering's balance sheet as at December 31, 2020 and December 31, 2021. You, business analyst at Organic Catering, have been asked to calculate the cur- rent ratio and the quick ratio (round to two decimal places). Provide your manager with comments on the ratios and the change from 2020 to 2021. 285