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Wildhorse Wholesale Company has $4,200 in cash, $22,232 in accounts receivable, $36,200 in inventory, and $3,800 in prepaid expenses. Liabilities totaled $122,200, with $38,400 current
Wildhorse Wholesale Company has $4,200 in cash, $22,232 in accounts receivable, $36,200 in inventory, and $3,800 in prepaid expenses. Liabilities totaled $122,200, with $38,400 current and $83,800 long-term. What is Wildhorses current ratio? (Round answer to 2 decimal places, e.g. 52.75.)
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