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    The document shows the current ratio calculation for years 2018 through 2022, which is the ratio of a company's total current assets to its total current liabilities. The company's current ratio remained steady at 1.2:1 from 2018 through 2020 and 2021, but increased slightly to 1.3:1 in 2021, before decreasing again to 1.2:1 in 2022.

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    The document shows the current ratio calculation for years 2018 through 2022, which is the ratio of a company's total current assets to its total current liabilities. The company's current ratio remained steady at 1.2:1 from 2018 through 2020 and 2021, but increased slightly to 1.3:1 in 2021, before decreasing again to 1.2:1 in 2022.

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    The document shows the current ratio calculation for years 2018 through 2022, which is the ratio of a company's total current assets to its total current liabilities. The company's current ratio remained steady at 1.2:1 from 2018 through 2020 and 2021, but increased slightly to 1.3:1 in 2021, before decreasing again to 1.2:1 in 2022.

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    6 views1 page

    Document

    Uploaded by

    Ulander
    The document shows the current ratio calculation for years 2018 through 2022, which is the ratio of a company's total current assets to its total current liabilities. The company's current ratio remained steady at 1.2:1 from 2018 through 2020 and 2021, but increased slightly to 1.3:1 in 2021, before decreasing again to 1.2:1 in 2022.

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    of 1

    Current Ratio = Total Current Assets

    Total Current Liabilities

    2018 - $574,569 = 1.2:1

    $469,563

    2019 - $623,321 = 1.2:1

    $510178

    2020 - $612,982 = 1.2:1

    $507562

    2021 - $674,542 = 1.3:1

    $505,117

    2022 - $1,141,775 = 1.2:1

    $974,713

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