Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Ask your questions and receive detailed answers from professionals with extensive experience in various fields. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

The following financial statement information is available for Coronado Corporation: 2020 2019 Inventory $45000 $47000 Current assets 112000 102000 Total assets 429000 358000 Current liabilities 28000 35000 Total liabilities 100000 89000 The current ratio for 2020 is

Sagot :

Answer:

4

Explanation:

Calculation to determine the current ratio

Using this formula

Current ratio = Current assets / Current liabilities.

Current ratio = 112000 / 28000 = 4

Therefore Current ratio is 4