Question
Use the additional information below for Data & Company and two of its competitors, Klingon & Co. and Vulcan Inc. Calculate the current ratio for
Use the additional information below for Data & Company and two of its competitors, Klingon & Co. and Vulcan Inc.
Calculate the current ratio for all three companies (Calculations do not need to be shown and do not need to be submitted).
Based on the current ratio, which company is most liquid?
| Data & Company | Klingon & Co. | Vulcan Inc. | |
| Current assets | $6,300,000 | $6,200,000 | $1,500,000 |
| Current liabilities | $5,800,000 | $3,800,000 | $1,300,000 |
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Sawyer's Internal Auditing The Practice Of Modern Internal Auditing
Authors: Lawrence Sawyer, Mortimer Dittenhofer, James Scheiner
5th Edition
0894131788, 978-0894131783
