The Tree Shoppe reported the following information:
Required:
Compute the margin of safety percentage at the Tree Shoppe.
Definitions:
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated by dividing current assets by current liabilities.
Current Assets
Resources a business plans to change into cash, dispose of, or use up within either a year or its operating cycle, depending on which period extends further.
Current Liabilities
Financial obligations of a business that are due and payable within one year.
Total Liabilities
The sum of all financial obligations a company owes to outside parties, including loans, accounts payable, and mortgage obligations.
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