Current ratio for 2017 1 Current ratio for 2018 1 Cash Accou

Current ratio for 2017?   :1
Current ratio for 2018?   :1

Cash Accounts receveble Inventory Other currenk assets 1 Ictal currert asets Total urrent liabilities $252,500 $311,100 $13,00 $9,900 23,300 19,900 31,400 30,800 2,500 11,909 $81,10 $72,589 Compute the current ratio for each year, (Round aws

Solution

Answer

Current Ratio is = Total Current Assets/Total Current Liabilities

1. Current ratio for 2017 = 81100/252500

=0.32

2. Current ratio for 2018 = 72509/311100

=0.23