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Using the information shown in the following balance sheet as of December 31, a certain year, compute the current ratio Current assets Non-current assets Total

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Using the information shown in the following balance sheet as of December 31, a certain year, compute the current ratio Current assets Non-current assets Total assets Assets $30,000 $200,000 $230,000 Liabilities Current liabilities Non-current liabilities Total liabilities Owner's equity Owner's equity+Liabilities 560,000 S50,000 $110,000 $120,000 $230,000 O 013 O 0.27 0.50 0.60 0.65

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