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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

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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 404,290 575,000 254,710

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