QUESTION 1

1. BBF Inc. Balance Sheet at 31/12/2018 & 31/12/2019

   Assets Cash	2018	2019
   	$200	$150
   Account receivable	450	425
   Inventory	550	525
   Total Current Assets	$1,200	$1,100
   Net PPE Total Assets	$1,200	$1,700
   	$2,400	$2,800
   Liability & Equity	$200	$300
   Total Current liabilities
   Total Long term Liability	$800	$800
   Total Liability	$1,000	$1,100
   Total Equity Total Liabilities & equity	1,400	1700
   	$2,400	$2,800

   BBF Inc. Income Statement at 31/12/2018 & 31/12/2019

   Sales	2018	2019
   	$1,000	$1,350
   COGS	500	650
   Gross Profit	$500	$700
   Operating expenses	250	240
   Operating income	$250	$460
   Interest cost	50	65
   EBT	$200	$395
   taxes Net income	80	118
   	$120	$277

   Q1: Compute Current Ratio for 2019?