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Data from the accounting records of Wise Company are presented here. Current assets Current liabilities Total assets 2025 Current ratio. June 30, 2025 June 30, 2024 2024 Current ratio $147,500 125,000 1,276,000 Calculate the current ratio for 2025 and 2024, (Round your answers to two decimal places (eg. 1.02)) $105,840 98,000 1,189,000 to 1 to 1

Data from the accounting records of Wise Company are presented here. Current assets Current liabilities Total assets 2025 Current ratio. June 30, 2025 June 30, 2024 2024 Current ratio $147,500 125,000 1,276,000 Calculate the current ratio for 2025 and 2024, (Round your answers to two decimal places (eg. 1.02)) $105,840 98,000 1,189,000 to 1 to 1

FINANCIAL ACCOUNTING
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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Data from the accounting records of Wise Company are presented here. Current assets Current liabilities Total assets 2025 Current ratio. June 30, 2025 June 30, 2024 $105,840 98,000 1,189,000 2024 Current ratio $147,500 125,000 Calculate the current ratio for 2025 and 2024, (Round your answers to two decimal places (eg, 1.02)) 1,276,000 to 1 to 1
Transcribed Image Text:Data from the accounting records of Wise Company are presented here. Current assets Current liabilities Total assets 2025 Current ratio. June 30, 2025 June 30, 2024 $105,840 98,000 1,189,000 2024 Current ratio $147,500 125,000 Calculate the current ratio for 2025 and 2024, (Round your answers to two decimal places (eg, 1.02)) 1,276,000 to 1 to 1
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