Posted by Francesca 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!