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QUESTION

A company reported the following in its recent balance sheet: Accounts payable: 19,367 Accounts receivable: 81,496 Cash: 73,484 Income tax payable:...

A company reported the following in its recent balance sheet:

Accounts payable: 19,367

Accounts receivable: 81,496

Cash: 73,484

Income tax payable: 3,672

Inventories: 25,976

Long term liabilities: 1,869

Property and equipment: 55,728

Stockholders Equity: 204,408

Supplies: 5,672

Wages payable: 13,040

What is the amount of the current ratio? And what numbers did you use to get that.

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