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10 November, 11:44

Kramer Industries has cash of $ 42 comma 000 ; net Accounts Receivable of $ 47 comma 000 ; shortminusterm investments of $ 13 comma 000 and inventory of $ 30 comma 000. It also has $ 30 comma 000 in current liabilities and $ 52 comma 000 in longminusterm liabilities. What is the current ratio for Kramer Industries?

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  1. 10 November, 14:23
    0
    4.4

    Explanation:

    Given the following data from Kramer Industries -

    Current assets;

    Cash = $42,000

    Account receivables = $47,000

    short term investments = $13,000

    Inventory = $30,000

    Current assets = 42000 + 47000 + 13000 + 30000

    = $132,000

    Current liabilities = $30,000

    Current ratio = current assets/current liabilities

    = 132000/30000

    = 4.4

    The current ratio of Kramer Industries = 4.4
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