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gwentrent
Sep 7, 2007, 01:33 PM
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

CaptainForest
Sep 7, 2007, 02:54 PM
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?