Kinetics, Inc has total assets that equal $214,600 along with long term debt that equals $52,700, total equity equaling $119,500, fixed assets that equal $164,400 and finally sales that equal $241,900.
If Kinetics Inc has a profit margin that is 6%, what is the current ratio?© BrainMass Inc. brainmass.com June 4, 2020, 2:02 am ad1c9bdddf
Current Ratio = Current Assets/Current Liabilities
Current Assets = Total Assets - Fixed Assets
The solution does a great job of answering the question. The solution is brief and concise and very easy to follow along. All the steps are clearly shown and formulas are provided so that the student can answer similar questions in the future. It can be easily understood by anyone with a basic understanding of the topic. Overall, an excellent solution.