The following information pertains to Unique Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. 
What is the current ratio for this company?
Definitions:
Special Journals
Customized accounting journals used to categorize and record specific types of financial transactions efficiently.
Crossfooting
A method used in accounting to check the arithmetic accuracy of figures by adding columns of numbers both vertically and horizontally and comparing the totals.
Equality
In accounting, the concept that the sum of debits must equal the sum of credits in a transaction.
Subsidiary Ledger
A detailed ledger that contains all the transaction details of a specific account, which is summarized in the general ledger.
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