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Use the following data to calculate the requested ratio or percent (with 1 decimal place): $84,000 cash; $128,000 accounts receivable; $290,000 total current assets; $350,000
Use the following data to calculate the requested ratio or percent (with 1 decimal place): $84,000 cash; $128,000 accounts receivable; $290,000 total current assets; $350,000 total assets; $112,000 total current liabilities; $130,000 total liabilities; $280,000 cost of goods sold; $62,000 beginning inventory; $65,000 ending inventory; $455,000 net sales; $35,000 net income, before tax; $29,000 net income, after tax; and $220,000 stockholder 5 equity. What is the current ratio? 2.6 2.7 1.3 3.1 1.6
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