What is the current ratio? 3 ASSETS CASH AND CASH EQUIVALENTS -1,044,193 52,582

Question

What is the current ratio? 3 ASSETS CASH AND CASH EQUIVALENTS -1,044,193 52,582 358,632 5 INTEREST AND DIVIDENDS RECEIVABLE 61,244 373,788 16,244 10.944 924 CAMPAIGNS, PLEDGES RECEIVABLE 7 PREPAID EXPENSES AND OTHER 9,653,039 20 TOTAL 100.00% 13,305,806 100.00% 11,133,813 22 LIABILITIES AND NET ASSETS 23 LIABILITIES 24 Accounts payable -DAV 25 Accounts payable other 26 Annuity payment liability 201,721 910 171,550 0.01% 1,017 28.90% 33572621 3304% 2.079.148 4.59% 3,851,715 0.01% . Total liabilities 29 UNRESTRICTED NET ASSETS 31 TOTAL LIABLITIES and NET ASSETS 10000% 13,305806 10000% 11,133,813 34 NOTE: the denominator needs to be the same for all numbers; in this case, total assets 40

Explanation / Answer

Answer :- Calculation of current Ratio for 2017:

The formula is-

Current Ratio = Current Assets ÷ Current Liabilities

= ($1909606 + $61244 +$373788 + $16244) ÷ ($201721 + $810 + $3857262)

= 0.582:1

Current Ratio for 2016 is :-

The formula of current ratio is-

Current Ratio = Current Assets ÷ Current Liabilities

= ($1044193 + $52582 + $358632 + $25367) ÷ ($171550 + $1017 + $3679148)

= 0.384:1

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