Explanation:
See the images for answer....
I AM NOT FROM U.S.A I AM FROM INDIA
Answer:
Current Ratio= Current Assets/ Current Liabilities
Explanation:
Current Ratio= Current Assets/ Current Liabilities
The current ratio is an important measure of a company's ability to pay its short term obligations. It is defined as current assets divided by current liabilities.
Current assets are cash and other resources that are expected to be sold or used within one year or the company's operating cycle , whichever is longer. Examples are cash, short term investments , accounts receivable, short term notes receivable, goods for sale ( called merchandise or inventory) and prepaid expenses. Prepaid expenses are usually listed last because they will not be converted to cash ( instead they are used).
Current liabilities are obligations due to be paid or settled within one year of operating cycle, whichever is longer. they are usually settled by paying out current assets such as cash . Current liabilities often include accounts payable , notes payable, wages payable, taxes payable, interest payable and unearned revenues. Also any portion of a long term liability due to be paid within one year or the operating cycle whichever is longer is a current liability.
They don't. Water was found and there are actually implications that if it doesn't exist nowadays, it might have historically existed long before there was even life on earth. There are theories that there was life on Mars millions of years ago way before earth had life.
