3 of 4 (0 E13-21A (similar to) The financial statements of Harris News, Inc, inc

Question

3 of 4 (0 E13-21A (similar to) The financial statements of Harris News, Inc, include the following items Click the icon to view the financial statements.) Read the requirements Requirement 1. Compute the following ratios for 2016 and 2015 a. Current ratio Select the fomula and then enter the amounts to calculate the current ratio. (Round the ratios to two decimal places) e Current ratio 2016 2015 Choose from any list or enter f any number in the input fiekds and then click Check Answer Chec Clear All 10 remaining earch 16 144 1s

Explanation / Answer

Current assets / Current liabilities = Current ratio 2016 $           262,000 / $                 130,000 = 2.02 2015 $           288,000 / $                   98,000 = 2.94

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