Question
Suppose Aysha has the following items in her Income statement and Balance sheet. Calculate her Current ratio : ( Round your answer to two decimal
Suppose Aysha has the following items in her Income statement and Balance sheet. Calculate her Current ratio: (Round your answer to two decimal points)
Credit card bill due next month $131
Stocks that you own $4300
Net paycheck (Take home pay after taxes) $4400
Paid Medical expense $65
Paid Mortgage payment for this month $1800
Payment to Spotify for this month's service $5
Paid Netflix bill $10
Next month's Mortgage payment due $1,720
401(k) retirement account balance $30000
Paid Monthly car payment $350
Laptop that you own $850
Cell phone ( that you own) $600
Paid Grocery bills $350
Amount spent on gas this month $70
Next months car payment $354
Paid Electricity bill $120
Savings account balance $40
Mall shopping expenses $100
Checking account balance $164
Paid monthly Insurance payment $85
Personal property that you own $1400
Auto loan outstanding (Balance left to be paid) $16500
Mortgage outstanding (Balance left to be paid) $85000
Furniture that you own $2500
Automobile that you own $17000
Condominium that you own $110000
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