Dooley Company had current assets of $1,552, current liabilities of $1,413, total assets of $1,742, and longminusterm liabilities of $1,210. If Dooley acquires inventory by executing a sixminusmonth note for $1,550, what is the new current ratio? (Round your final answer to two decimal places.)

new current ratio = 1.09

Explanation:

given data

current assets = $1,552

current liabilities = $1,413

total assets  = $1,742

liabilities = $1,210

solution

we get here new current ratio that is express as

new current ratio = current assets ÷ current liability   1

put here value and we will get

new current ratio = 1,552 ÷ 1,413

new current ratio = 1.09

both are integral parts of a corporate balance sheet. the cash flow statement, or statement of cash flows, measures the sources of a company's cash and its uses of cash over a specific time period. the income statement measures a company's financial performance, such as revenues, expenses, profits or losses over a specific time period (in fact, it's sometimes called a statement of financial performance).

a cash flow statement shows exactly how much money a company has received and how much it has spent, traditionally over a period of one month. it captures the current operating results and changes on the balance sheet, such as increases or decreases in accounts receivable or accounts payable, and does not include noncash accounting items such as depreciation and amortization. the cash flow generally comes from revenue received as a result of business activity, but it may be augmented by funds available as a result of credit. a cash flow statement is used to determine the short-term viability and liquidity of a company, specifically how well it is positioned to pay its bills and vendors.

answer; i believe the answer is 40,600,000;