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Your Company has the following financial information: Assets Cash $35,875 Accounts receivable 18,750 Prepaid Rent - 5 months 12,500 Short term investments 8,950 Equipment
Your Company has the following financial information: Assets Cash $35,875 Accounts receivable 18,750 Prepaid Rent - 5 months 12,500 Short term investments 8,950 Equipment 75,000 Land 98,875 Total assets $249,950 Liabilities Accounts Payable $32,000 Unearned Revenue - due in 3 months 13,500 Bank loan - due in 5 years 75,000 Total liabilities $120,500 Owners' Equity Retained earnings $35,000 Common stock 94,450 Total Owners' Equity $129,450 Total Liabilities & Owners' Equity $249,950 What is its Current Ratio? 0 0.90 0.59 1.67 1.93 2.07
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