Use the following data to calculate the current ratio. 
Definitions:
Transactions
Acts of buying or selling goods, services, or financial instruments.
Earnings Before Interest
A company's earnings calculated before interest expenses have been deducted, often referred to as EBIT (Earnings Before Interest and Taxes).
Tax Authorities
Governmental agencies responsible for the collection of taxes, enforcement of tax laws, and the administration of tax policy.
Q66: Which of the following is <u>not</u> considered
Q67: All of the following are characteristics of
Q71: Posting<br>A)transfers ledger transaction data to the journal.<br>B)normally
Q124: FTX Company owns 10% interest in the
Q143: Dividends are reported on the<br>A)income statement.<br>B)retained earnings
Q144: A furniture factory's employees work overtime to
Q153: The periodicity assumption states that the economic
Q173: In order for accounting information to be
Q180: The classification and normal balance of the
Q193: Appalachian Ski Shop signs a three-month note