Calculate current ratio, Accounting Basics

Compute each of the following amounts Company reported current assets of $80,000, non-current assets of $350,000, current liabilites of $32,000 and long term liabilities of $120,000. What would be the current ratio?

Current ratio = current assets / current liabilites =

80,000/32,000 = 2.5

Posted Date: 2/26/2013 2:50:05 AM | Location : United States

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