Question
Sheridan Boutique reported the following financial data for 2022 and 2021. Sheridan Boutique Balance Sheet (partial) September 30 (in thousands) 2022 2021 Current assets
Sheridan Boutique reported the following financial data for 2022 and 2021. Sheridan Boutique Balance Sheet (partial) September 30 (in thousands) 2022 2021 Current assets Cash and short-term deposits $2,585 $1,035 Accounts receivable 2,165 1,595 Inventories 1,215 1,025 Other current assets 335 205 Total current assets $6,300 $3,860 Current liabilities $4,515 $2,635 (a) Calculate the current ratio for Sheridan Boutique for 2022 and 2021. (Round answers to 2 decimal places, e.g. 1.25:1) 2022 2021 Current ratio :1 :1 eTextbook and Media
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
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