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Using the following financial statement information: Balance Sheet Cash $ 12,000 Short-term Investment 4,685 Accounts Receivable 48,900 Inventory 75,600 Current Assets 141,185 Fixed Assets 234,500
Using the following financial statement information:
Balance Sheet | ||
Cash | $ 12,000 | |
Short-term Investment | 4,685 | |
Accounts Receivable | 48,900 | |
Inventory | 75,600 | |
Current Assets | 141,185 | |
Fixed Assets | 234,500 | |
Total Assets | $ 375,685 | |
Accounts Payable | $ 34,650 | |
Accruals | 9,985 | |
Short-term Debt | 15,600 | |
Current Liabilities | 60,235 | |
Long-term Debt | 82,500 | |
Total Liabilities | 142,735 | |
Common Stock | 68,500 | |
Retained Earnings | 164,450 | |
Common Equity | 232,950 | |
Total Debt & Common Equity | $ 375,685 |
Income Statement | ||
Sales | $ 456,800 | |
COGS | 367,500 | |
Depreciation | 23,450 | |
EBIT | 65,850 | |
Interest Expense | 26,250 | |
EBT | 39,600 | |
Taxes (25%) | 9,900 | |
Net Income | $ 29,700 |
Calculate the Current Ratio (CR)
Group of answer choices
2.343903x
.989141x
.375807x
1.711333x
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