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Author Question: Team Shirts has 189,000 in total current assets and 165,000 in total current liabilities. Calculate ... (Read 60 times)

haleyc112

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on: Jul 5, 2018
Team Shirts has 189,000 in total current assets and 165,000 in total current liabilities. Calculate the current ratio for Team Shirts. Round your answer to one decimal place.
 
  What will be an ideal response?

Question 2

Wok 'N' Roll, Inc., has assets of 500,000 and liabilities of 350,000. Calculate the amount of shareholder's equity.
 
  What will be an ideal response?


Jadwiga9

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Reply #1 on: Jul 5, 2018
Answer to Question 1

189,000/165,000 = 1.1

Answer to Question 2

500,000 - 350,000 = 150,000


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