Computing and Interpreting the Current Ratio
Calculate the current ratio for Sal’s Pizza Company at the end of 2007 and 2008. based on the following data:
| Current Assets | Current Liabilities |
End of 2007 | $240.000 | $160.000 |
End of 2008 | $260.000 | $220.000 |
What does the result suggest about the company over time? What can you say about Sal’s Pizza Company’s ratio when compared to Papa John’s 2008 ratio?
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