Answer: $6,410,000
Explanation:
The current ratio calculates the ability of a company to meet its short term liabilities.
A current ratio greater than 1 indicates that a company is more able to meet its short term obligations. Mystic Laboratories with a current ratio of 1.3 has a greater ability to meet its short term obligations.
Current ratio = current assets / current liabilities
Total assets = current assets + non current assets
$10,500,000 = current assets + $2,167,000
Current assets = $8,333,000
1.3 = $8,333,000 / current liabilities
Current liabilites = $6,410,000
I hope my answer helps you
Answer: True
Explanation: By conducting a small project as a proposal, a contractor is actually showing in a small scale that he is both capable, is the right man for the job (external project) and is able to ensure the external project is completed with its goals and objectives accomplished. It is these goals that drive the project, and all the planning and implementation . As such, the project has to be compelling and complete.
True gives the answer to the question.
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