1 Answer

Jakub Jurkian · Answer 1 · 2018-01-30T18:32:35+0000

From the comparative balance sheet, the total current asset is $271,100 and the total current liabilities is $81,600.

The current ratio is given by total current asset divided by the total current liabilities.

Therefore, The current ratio is given by

$(\$271,100)/(\$81,600) =3.32$

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