Compute the current ratio

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Reference no: EM13744489

Using the following data, compute the current ratio. Return on sales, asset turnover, and return on equity.

Accounts Payable $ 3,500

Accounts Receivable 6,000

Building 65,000

Cash 2,100

Capital Stock 24,300

Inventory 4,100

Land 14,000

Long-Term Notes Payable 32,000

Market Value of Equity 103,000

Net Income 10,000

Retained Earnings (ending) 24,000

Sales 105,000

Short-Term Notes Payable 5,700

Stockholders' Equity 48,300

Unearned Revenue 1,700

Round your answer to two decimal places.

Reference no: EM13744489

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