Question:

How do i find the current ratio using this data?

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  1. Basically from what I know I think cash, assets receivable, merchandise inventory and prepaid expenses are current assets;where as accounts payable are current liabilities- even the bond will be a current liability if it's for a term of less than a year. I am not very sure about the rest of the liabilities given.


  2. Current assets are cash, AR, Merchandize inventory and prepaid expenses. Current liabs are the AP. The bonds are due in 2010 so they cannot be current.

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