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The financial statements of Trenton Office Supply include the following items: Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Building (net) Total Current Liabilities Long-term Note Payable 2025 $52,500 27,000 92,000 135,000 529,000 255,000 64,000 2024 $47,000 13,000 97,000 127,000 549,000 236,000 57,000 What is the 2025 current ratio? (Round your answer to two decimal places.) 1.66 1.20 0.83 0.58

The financial statements of Trenton Office Supply include the following items: Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Building (net) Total Current Liabilities Long-term Note Payable 2025 $52,500 27,000 92,000 135,000 529,000 255,000 64,000 2024 $47,000 13,000 97,000 127,000 549,000 236,000 57,000 What is the 2025 current ratio? (Round your answer to two decimal places.) 1.66 1.20 0.83 0.58

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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The financial statements of Trenton Office Supply include the following items: Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Building (net) Total Current Liabilities Long-term Note Payable 2025 $52,500 27,000 92,000 135,000 529,000 255,000 64,000 2024 $47,000 13,000 97,000 127,000 549,000 236,000 57,000 What is the 2025 current ratio? (Round your answer to two decimal places.) 1.66 1.20 0.83 0.58
Transcribed Image Text:The financial statements of Trenton Office Supply include the following items: Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Building (net) Total Current Liabilities Long-term Note Payable 2025 $52,500 27,000 92,000 135,000 529,000 255,000 64,000 2024 $47,000 13,000 97,000 127,000 549,000 236,000 57,000 What is the 2025 current ratio? (Round your answer to two decimal places.) 1.66 1.20 0.83 0.58
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