Homework Answers
Answer 1.
2017:
Current Ratio = Current Assets / Current Liabilities
Current Ratio = $246,608 / $136,063
Current Ratio = 1.81
2016:
Current Ratio = Current Assets / Current Liabilities
Current Ratio = $196,233 / $78,064
Current Ratio = 2.51
2015:
Current Ratio = Current Assets / Current Liabilities
Current Ratio = $150,955 / $52,361
Current Ratio = 2.88
Answer 2.
2017:
Quick Ratio = (Cash + Accounts Receivable, net) / Current
Liabilities
Quick Ratio = ($31,614 + $89,812) / $136,063
Quick Ratio = 0.89
2016:
Quick Ratio = (Cash + Accounts Receivable, net) / Current
Liabilities
Quick Ratio = ($36,954 + $64,028) / $78,064
Quick Ratio = 1.29
2015:
Quick Ratio = (Cash + Accounts Receivable, net) / Current
Liabilities
Quick Ratio = ($37,346 + $52,875) / $52,361
Quick Ratio = 1.72
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