Calculate the current ratio

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Reference no: EM131579330

Problem -

ORLANDO, INC.
Comparative Balance Sheet
December 31, 2013 and 2012


2013

2012

Assets



  Current Assets



  Cash

154,500

151,000

  Accounts Receivable (Net)

180,500

166,000

  Inventory

106,500

81,000

  Total Current Assets

441,500

398,000

  Property, Plant, and Equipment



  Buildings (Net)

181,000

186,500

  Equipment (Net)

76,000

79,200

  Land

61,000

61,000

  Total Property, Plant, and Equipment

318,000

326,700

  Total Assets

759,500

724,700

  Liabilities and Stockholders' Equity



  Current Liabilities



  Accounts Payable

131,000

151,500

  Other Current Liabilities

21,000

28,500

  Total Current Liabilities

152,000

180,000

  Long-Term Liabilities



  Bonds Payable

91,000

91,000

  Total Long-Term Liabilities

91,000

91,000

  Total Liabilities

243,000

271,000

  Stockholders' Equity



  Common Stock ($1 par)

110,000

110,000

  Retained Earnings

406,500

343,700

  Total Stockholders' Equity

516,500

453,700

  Total Liabilities and Stockholders' Equity

759,500

724,700

Calculate the current ratio for 2013 and 2012.

Reference no: EM131579330

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