Given the Following Information,calculate the Current Ratio * Based on Ending Balance of Assets

question 19

Essay

Given the following information,calculate the current ratio:
$$\begin{array} { l r } \text { Curent Arsets } & \$ 85,000 \\\text { Long-Term Liabilities } & - 0 - \\\text { Net Income } & \$ 30,000 \\\text { Return on Assets* } & 12.5 \% \\\text { Debt-to-Equity Ratio } & 20.0 \%\end{array}$$ * Based on ending balance of assets

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Definitions:

Second World War

A global conflict that lasted from 1939 to 1945, involving most of the world's nations including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.

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The movement of African Americans from the rural Southern United States to urban areas within the country, especially notable during the Great Migration.

1940s

A decade marked by major global events including World War II and the beginning of the Cold War, influencing global politics, society, and culture.

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