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Wilberton's has total assets of $537,800, net fixed assets of $412,400, long-term debt of $323,900, and total debt of $388,700. If inventory is $173,900, what is the current ratio?

Respuesta :

zainsubhani

Answer:

Current Ratio=1.93518

Explanation:

[tex]Current\ Ratio=\frac{Current\ Assets}{Current\ Liabilities}[/tex]

Calculating Current Assets:

Current Assets=Total assets-Net fixed assets

Current Assets=$537,800- $412,400

Current Assets=$125,400

Current Liabilities=Total debt- Long-term debt

Current Liabilities=$388,700- $323,900

Current Liabilities=$64,800

Current Ratio=[tex]\frac{\$125,400}{\$64,800}[/tex]

Current Ratio=1.93518