current ratio and non current assets

Question

Sep 7, 2007, 12:33 PM

gwentrent

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Join Date: Sep 2007

Posts: 1

current ratio and non current assets

How do I know what each makes contains.

current assets 25,000
liabilities 40,000
equity 55,000

non current assets=80,000 ( Is this correct)

non current 60,000
total assets 95,000
equity 70,000

current ratio=(?) I don't get this one

Answers

Sep 7, 2007, 01:54 PM	#2

CaptainForest Finance & Accounting Expert Join Date: Nov 2005 Location: Canada Posts: 3,672	non current assets=80,000 ( Is this correct) No, it is 70,000 55,000 + 40,000 - 25,000 = 70,000 Current Ratio = Current Assets / Current Liabilities what does non current 60,000 mean? is that non current assets? non current liabilities?

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