What was png company's current ratio for the year 20x1? 7.74 3.32 2.66 2.47?

1 answer:

4 0

From the comparative balance sheet, the total current asset is $271,100 and the total current liabilities is $81,600.

The current ratio is given by total current asset divided by the total current liabilities.

Therefore, The current ratio is given by

$\frac{\$271,100}{\$81,600} =3.32$

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