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Using the following information, Calculate current ratio(4marks) Accounts payable- $10,000 Accounts Receivable- $15,000 Buildings- $42,000 Cash- $4000 Current Notes payable- $7000 Office supplies $3800 Long
Using the following information, Calculate current ratio(4marks)
Accounts payable- $10,000
Accounts Receivable- $15,000
Buildings- $42,000
Cash- $4000
Current Notes payable- $7000
Office supplies $3800
Long term notes payable- $20000
Prepaid insurance- $2500
Unearned revenue- $1000
Wages payable- $3000
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