what is current ratio? Ratio Analysis The following balances were reported...
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what is current ratio?
Ratio Analysis The following balances were reported in the financial statements 2013 2012 Net Sales $830,000 $730,000 Net Income 110,000 95,000 Current Assets 230,000 205,000 Current Liabilities 110,000 130,000 Total Liabilities 280,000 255,000 Total Assets 780,000 630,000 Required Compute the following ratios for 2013 and 2012 for Nafooz Company. (Round answers to one decimal place.) 2013 M2012 Current ratio 2.09 x 1.58 x
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