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       Cash                                     $   75,000  …

       Cash                                     $   75,000        Accounts receivable                 45,000        Inventory                                  10,000        Land                                          50,000        Building (net)                            80,000        Short term bank loan               60,000        Current portion of mortgage     5,000        Mortgage payable                  100,000        Share capital                           250,000 The current ratio formula is:      Current Assets                                                   Current Liabilities Calculate the current ratio:

       Cash                                     $   75,000  …

Posted on: August 26, 2025 Last updated on: August 26, 2025 Written by: Anonymous Categorized in: Uncategorized
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