Below is some information from the financial records of Cleereen Co.:
|
Accounts payable |
$ 18,000 |
|
Accounts receivable |
20,000 |
|
Bank overdraft |
5,500 |
|
Inventory |
45,000 |
|
Property, plant, and equipment |
150,000 |
|
Sales |
236,500 |
(Working Capital Ratio) Cleereen”s working capital ratio is
- 0.85
- 2.77
- 3.92
- 9.15