What is net income or current ratio

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Reference no: EM131294415

Sheehan Company presented the following data at the end of 2013:

Cash $450,000

Accounts Receivable $800,000

Merchandise Inventory $700,000

Prepaid Insurance $75,000

Property & Equipment $2,000,000

Accounts Payable $125,000

Unearned Revenue $200,000

Wages Payable $400,000

Bonds Payable $1,000,000

what is net income=

or current ratio=

Reference no: EM131294415

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