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Question 22 Complete point out of Use the following balance sheet to answer the question CFX Construction Co. Balance Sheet FY 2016 Period: 10/01/2012 20
Question 22 Complete point out of Use the following balance sheet to answer the question CFX Construction Co. Balance Sheet FY 2016 Period: 10/01/2012 20 09/30/2013 Assers Current Asses: Cash Billed (Not Received Reserve Work in Progress 5430,000.00 $100,000.00 $7,000.00 $125,000.00 Toral Current Assets $662,000.00 $125,000.00 (580,000.00) $45.000.00 Fixed Assers: Vehicles Accumulated Depreciation Equipment Accumulated Depreciation $2,500,000.00 51,110,000.00 $1,390,000.00 Buldings Accumulated Appreciation $350,000.00 $112.000.00 5462,000.00 Total Assets $2,559,000.00 Liabilities and Capral Current Liabilities: Accounts Payable Short Term Expenses and OH Payroll Taxes Payable Toral Current Liables $500,000.00 $140,000.00 $145,000.00 $785,000.00 Long-Term Liabilizes: Mortgage Payable Total Long-Term Liabilities 5225,000.00 $225,000.00 Total Liabilities $1,010,000.00 Net Worth $1,549,000.00 What is the current ratio? Select one: 3.0.84 b. 0.75 65 d.09
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