FINANCIAL ACCOUNTING>IC<
FINANCIAL ACCOUNTING>IC<
15th Edition
ISBN: 9781119344988
Author: Kimmel
Publisher: WILEY C
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Chapter 13, Problem 13.10BE
To determine

Current Ratio: Current ratio is used to determine the relationship between current assets and current liabilities.

Formula:

Current ratio=Current assetsCurrentliabilities

The ideal current ratio is 2:1

To compute: Current ratio for 2017 and 2016.

Given info: Total current assets and current liabilities.

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Financial ratio analysis; Author: The Finance Storyteller;https://www.youtube.com/watch?v=MTq7HuvoGck;License: Standard Youtube License