A catering firm has current liabilities of $6,630, net working capital of $2,180, inventory of $2,750,...

A catering firm has current liabilities of $6,630, net working capital of $2,180, inventory of $2,750, and sales of $36,800. What is the current ratio?

Expert Solution

Current assets = Current liabilities + Net working capital = $6,630 + $2,180 = $8,810

Current ratio = Current assets / Current liabilities = $8,810 / $6,630 = 1.33

jeff jeffy answered 2 years ago

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A catering firm has current liabilities of $6,630, net working capital of $2,180, inventory of $2,750,...

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