Current ratio. Use the balance sheet you prepared in E2-88 to compute Calorie Counter Food Stores” current ratio at December 31,2012. What does it indicate? (LO 5) E2-108. Current ratio. The following data was taken from the 2010 and 2009 financial statements of Kitten Caboodle Inc. Calculate the current ratio for each year. What happened to the company”s liquidity from 2009 to 2010? (LO 5)
|
2010 |
2009 |
|
|
Current assets |
230,875 |
256,294 |
|
Total assets |
386,812 |
363,170 |
|
Current liabilities |
1 10,850 |
107,895 |
|
Total liabilities |
165,432 |
167,670 |
|
Totals hareholderse” quity |
220,750 |
1 95,s00 |