Compute low companies current ratio

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Reference no: EM132119578

Question - Compute Low's Companies' current ratio at May 31, 2018 and 2017.

Low's Companies Income Statement Years Ended May 31, 2018 and 2017
	2018	2017
Net Sales Revenue	$55,400	$41,600
Cost of Goods Sold	20,800	21,400
Interest Expense	500	280
All other Expenses	6,900	8,400
Net Income	$27,200	$11,520

Begin by selecting the formula to calculate Low's Companies' current ratio. Then enter the amounts and calculate the current ratio for 2018 and then 2017.

Reference no: EM132119578

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