Find the current ratio for george''s business

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Reference no: EM131123317

1. What is the current ratio for Denmark, Inc., which has current assets of $148,947 and current liabilities of $103,537?

2. Find the operating ratio for Chaney's Pharmacy if the annual cost of goods sold is $315,842, the operating expenses are

$62,917, and net sales are $597,064.

3. Find the gross profit margin ratio if The Premier Eatery had net sales of $392,054 and its cost of goods sold was $179,515.

4. Proud Larry's Grill reported net sales of $289,512 and had aver- age total assets of $145,753. Find its asset turnover ratio.

	George	José
Current assets	$28,000	$840,000
Current liabilities	- 7,000	-819,000
Working capital	$21,000	$21,000

Find the current ratio for George's business and the current ratio for José's business, given the following information:

Reference no: EM131123317

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