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What is my current ratio? I keep getting 2.344 and it says it's not correct. Depreciation Expense-Store Equipment, Sales Salaries Expense, Rent Expense-Selling Space, Store
What is my current ratio? I keep getting 2.344 and it says it's not correct.
Depreciation Expense-Store Equipment, Sales Salaries Expense, Rent Expense-Selling Space, Store Supplies Expense, and Advertising Expense. It categorizes the remaining expenses as general and administrative. NELSON COMPANY Unadjusted Trial Balance January 31 Credit Debit $ 18,350 14,000 5,300 2,200 42,600 $ 19, 250 17,000 5,000 26,000 2,050 115,800 Cash Merchandise inventory Store supplies Prepaid insurance Store equipment Accumulated depreciation-Store equipment Accounts payable Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Depreciation expense-Store equipment Sales salaries expense Office salaries expense Insurance expense Rent expense-Selling space Rent expense-Office space Store supplies expense Advertising expense Totals 2,050 2,100 38,000 15,050 15,050 0 8,500 8,500 9,300 $183,050 $183,050Step by Step Solution
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