Mountain Aerosport
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Can someone on your staff help me with the attached accounting question. I need to include the financial ratios you utilized to determine your findings.
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The solution has the ethics problem of Mountain Aerosport loan request.
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The ratios to be calculated are:
a. Current Ratio = Current Assets/Current Liabilties
Current Asserts = 435
Current Liabilties = 246
Current Ratio for current year = 435/246 = 1.77
b. Acid test Ratio = (Cash + Accounts Receivable)/Current Liabilities
Cash + Accounts Receivable = 105+75 = 180
Current Liabilities = ...
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