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
