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Determining the short-term obligations

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Robert is a manager of a small-scale firm. He needs to decide whether the firm has sufficient resources to meet its short-term obligations. Calculate the ratio that Robert needs to calculate from the information given below.

Cash and cash equivalents

$1,057,600

Accounts receivables

1,556,500

Short-term investments

770,300

Other current assets

420,500

Accounts payable

995,700

Long-term debt

528,000

Short-term debt

176,000

Other current liabilities

2,495,700
  • Current ratio of 0.92
  • Debt ratio of 1.26
  • Debt ratio of 0.91
  • Current ratio of 1.04

Reference no: EM131411831

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