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Spirit of Kentucky Logistics has these account balances at December 31, 2016: (Click the icon to view the account balances.) Requirements Calculate Spirit of Kentucky
Spirit of Kentucky Logistics has these account balances at December 31, 2016: (Click the icon to view the account balances.) Requirements Calculate Spirit of Kentucky Logistics' current ratio. 2. How much in current assets does Spirit of Kentucky Logistics have for every dollar of current liabilities that it owes? 1. Requirement 1. Calculate Spirit of Kentucky Logistics' current ratio. (Round your answer to two decimal places, X.XX.) Current ratio Requirement 2. How much in current assets does Spirit of Kentucky Logistics have for every dollar of current liabilities that it owes? (Enter the amount to the nearest cent) Spirit of Kentucky Logistics has of current assets for every dollar of current liabilities that it owes. 2 Data table $ 7,900 Accounts Payable $ 3,800 2,300 Accounts Receivable 6.900 3,200 2,900 Cash Notes Payable, long-term Prepaid Rent Salaries Payable Service Revenue Office Supplies Accumulated Depreciation-Equip Advertising Expense 10.900 700 800 21,000 Depreciation Expense-Equip. Equipment Tabar. Capital Rent Expense 5,500 5,800 1.000 900 Print Done
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