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The following data are provided for Epsilon Company: Cash Accounts receivable (net) Inventories Plant assets (net) December 31 2024 2023 $1,500,000 $1,000,000 1,600,000 1,200,000
The following data are provided for Epsilon Company: Cash Accounts receivable (net) Inventories Plant assets (net) December 31 2024 2023 $1,500,000 $1,000,000 1,600,000 1,200,000 2,600,000 2,200,000 7,000,000 6,500,000 Accounts payable 1,100,000 800,000 Income taxes payable 200,000 100,000 Bonds payable 1,400,000 1,400,000 10% Preferred stock, $50 par 2,000,000 2,000,000 Common stock, $10 par 2,400,000 1,800,000 Paid-in capital in excess of par 1,600,000 1,300,000 Retained earnings 4,000,000 3,500,000 What is Epsilon's current ratio for 2024? a. 4.38:1 b. 5.18:1 C. d. 4.89:1 4.65:1
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