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Dooley Company had current assets of​ $1,552, current liabilities of​ $1,413, total assets of​ $1,742, and longminusterm liabilities of​ $1,210. If Dooley acquires inventory by executing a sixminusmonth note for​ $1,550, what is the new current​ ratio? (Round your final answer to two decimal​ places.)

Respuesta :

Answer:

new current​ ratio = 1.09

Explanation:

given data

current assets = $1,552

current liabilities =​ $1,413

total assets  = $1,742

liabilities =​ $1,210

solution

we get here new current​ ratio that is express as

new current​ ratio = current assets ÷ current liability   ...............1

put here value and we will get

new current​ ratio = 1,552 ÷ 1,413

new current​ ratio = 1.09

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