Homework Answers
Current Ratio = Current Assets / Current Liabilities
Current Ratio = 25,725,338/8,955,000=2.8727 :1
Current Ratio 2.87:1 Indicates that the frim is maintaining the $2.87 of current assets for the Every $1 Current Liabilities, Liquidity and Short term solvency position of the firm is very strong with this numbers
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