Business, 29.08.2020 01:01 kealalac1

Coastal Company's balance sheet reported total assets of $473,000, which include: cash, $35,000; accounts receivable, $150,000; land, $100,000; inventory, $180,000; and prepaid expenses, $8,000. Total liabilities amounted to $244,000, which include: accounts payable, $130,000; short-term notes payable, $8,000; unearned revenue, $6,000; and long-term liabilities, $100,000. Compute the current ratio.

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Coastal Company's balance sheet reported total assets of $473,000, which include: cash, $35,000; acc...