Post a New Question


posted by on .

The balance sheet of Burger King reports current assets of $30,500 and current liabilities of $15,800.
Calculate the current ratio of Burger King and detemine whether it will increase or decrease as a result of the following transactions:

-Paid $2,030 cash for a new oven.

•• I know to get the current ratio you divide current assets/current liability, but I do not understand how to factor in the $2,030 transaction. Any help will much appreciated. Thank you!

  • Accounting - ,

    Any help?

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions

Post a New Question