Solution-Determining the short-term obligations

Determining the short-term obligations

Reference no: EM131411831

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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Determining the short-term obligations

Reference no: EM131411831

Reference no: EM131411831

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