Question
What is the current ratio of Ah, Wilderness!, a background ski tour operation, given the following information from its end of 2014 balance sheet: Current
What is the current ratio of Ah, Wilderness!, a background ski tour operation, given the following information from its end of 2014 balance sheet:
Current Assets$5,200
Long-term Liabilities 16,000
Total Liabilities 20,000
Total Equity 31,000
Explain the result in words.
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Practical Financial Management
Authors: William R. Lasher
6th Edition
1439080496, 978-1439080498
