Asked by Arisel Santini on Jul 02, 2024
Verified
The Moose Hardware Company had total current assets of $379,090 and total current liabilities of $63,000. Compute the working capital ratio. (Round answer to two decimal places.)
Current Assets
Assets on a balance sheet that are expected to be converted into cash, sold, or consumed within a year.
Current Liabilities
Financial obligations a company must pay within a year, such as loans, accounts payable, and other debts.
- Learn and execute computations for working capital ratios.
Verified Answer
VA
Learning Objectives
- Learn and execute computations for working capital ratios.