Calculate the amount of working capital (in $) and the current ratio for the given company. Round ratios to the nearest hundredth. Company Current Assets Current Liabilities Working Capital Current Ratio a florist shop $3,100 $1,250 $ :1

Calculate the amount of working capital (in $) and the current ratio for the given company. Round ratios to the nearest hundredth. Company Current Assets Current Liabilities Working Capital Current Ratio a florist shop $3,100 $1,250 $ :1

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Calculate the amount of working capital (in $) and the current ratio for the given company. Round ratios to the nearest hundredth.

Company	Current Assets	Current Liabilities	Working Capital	Current Ratio
a florist shop	$3,100	$1,250	$	:1

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