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The financial statements of Trenton Office Supply include the following items: 2019 2018 Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Total Current
The financial statements of Trenton Office Supply include the following items: 2019 2018 Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Total Current Liabilities Long-term Note Payable $47,500 24,000 102,000 127,000 525,000 253,000 55,000 $49,000 14,000 100,000 126,000 546,000 238,000 50,000 What is the 2019 current ratio? a) 0.84 b) 0.57 c) 1.70 d) 1.19
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