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Please help me to get the current ratio and thanks What is Corrigan's 2016 Current Ratio? Corrigan Corporation's December 31 Balance Sheets Assets Cash Accounts
Please help me to get the current ratio and thanks
What is Corrigan's 2016 Current Ratio? Corrigan Corporation's December 31 Balance Sheets Assets Cash Accounts receivable Inventories 2016 2015 $72,000 $ 65,000 328,000 813,000 $ 1,405,000 $ 1,206,000 271,000 133,000 57,000 $ 1,836,000 $ 1,667,000 439,000 894,000 Total current assets Land and building Machinery Other fixed assets Total assets 238,000 132,000 61,000 Liabilities and equity Accounts payable Accrued liabilities Notes payable $80,000 72,708 40,880 457,912 $ 602,000 571,500 258,898 575,000 261,602 $ 1,836,000 $ 1,667,000 45,010 476,990 Total current liabilities Long-term debt Common stoc Retained earnings Total liabilities and equity 404,290 575,000 254,710Step by Step Solution
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