Robert is a manager of a small-scale firm. He needs to decide whether the firm has sufficient resources to meet its short-term obligations. Calculate the ratio that Robert needs to calculate from the information given below.
|
Cash and cash equivalents
|
$1,057,600
|
|
Accounts receivables
|
1,556,500
|
|
Short-term investments
|
770,300
|
|
Other current assets
|
420,500
|
|
Accounts payable
|
995,700
|
|
Long-term debt
|
528,000
|
|
Short-term debt
|
176,000
|
|
Other current liabilities
|
2,495,700
|
- Current ratio of 0.92
- Debt ratio of 1.26
- Debt ratio of 0.91
- Current ratio of 1.04