Question
Shown below are selected data from the balance sheet of Compros, a small electronics store (dollar amounts are in thousands): cash-$75 accounts receivable-$135 inventory- $240
Shown below are selected data from the balance sheet of Compros, a small electronics store (dollar amounts are in thousands):
cash-$75
accounts receivable-$135
inventory- $240
total assets-$900
current liabilities- $300
non current liabilities- $375
Refer to the information above. What is the current ratio?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Auditing A Business Risk Approach
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
8th edition
538476230, 978-0538476232
