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The following accounts are taken from the financial statements of Paradise North End Resorts at June 30, 2019. (Amounts are in millions.) Accounts Payable Accounts
The following accounts are taken from the financial statements of Paradise North End Resorts at June 30, 2019. (Amounts are in millions.) Accounts Payable Accounts Receivable Cash Common Stock Equipment Income Tax Expense Interest Expense Notes Payable (long-term) Prepaid Rent Retained Earnings Service Revenue Short-Term Investments Software $ 1,420 320 3, 200 10, 800 2,900 320 70 1,000 1, 200 2,800 6,300 6,500 1,900 3-a. Determine the current ratio. 3-b. Were the current assets sufficient to cover the current liabilities at June 30, 2019?
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