PREPARE A CLASSIFIED BALANCE SHEET AT DECEMBER 31, 2015. What is the ratio for 2015?

Recording Transactions in T-Accounts, Preparing the Balance Sheet from a Trial Balance, and Evaluating the Current Ratio (AP2-3) Cougar Plastics Company has been operating for three years. At December 31, 2014, the records reflected the following: Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Intangibles S22,ooo 3,000 20,000 1,000 50.000 90,000 5,000 Accounts payable Accrued liabilities payable Notes payable (short-term) Long-term notes payable Common stock Additional paid-in capital Retained earnings S15.OOO 4.000 47.000 10.000 80.000 31,000 During the year 2015, the company had the following summarized activities: