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Home > Business & Careers > Accounting   »   Owners equity and ratios

 
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Old Dec 9, 2007, 02:11 PM
HopeWhite
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Owners equity and ratios

I have two questions


1.If the current ratio is 2.2:1, current assets are $33,000, and noncurrent assets equal $55,000, then owners equity is (assume that all liabilities are current)


2. What is the current ration if noncurrent assets equal $60,000, total assets equal $95,000, and owners equity equals $70,000 (assume that all liabilities are current)

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