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Describe how the current ratio is used


are the components of the ratio and how is the ratio calculated?What?does?the?ratio?indicate?regarding?a?company's?financial?position?Current?assets?and?current?liabilities?for?the?Fortson?Company?are:????????
-Current assets: 2013?$262,500; 2014?$310,500.
-Current liabilities: 2013?$150,000; 2014?$172,500.
-Determine the current ratio for 2013 and 2014. Does the change in the current ratio from 2013 to 2014 indicate a favorable or unfavorable trend?

 


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Apr 19, 2020

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