Question
he NoWoing Information to anawer the next four gvestions potse Rel Induatries Inc reported the tolowing intomation in ts 2011 and 2010 coneaicaled feasoat ment(ampunts is Iusandal Tootse Rall does not hin se Ral does not have arp prefemed sisex For the Year Endes Docermber 31 Total revenue Net cash prerided by ep At December 31 g weat a Toowle os auert ars lar 30117 (Recal hut the current rabs h awouired as cumert asets divided by cumant bites) A $153,848 eaculated as nat income sivided by average socnaidens squity ed an total sabies avidked by tots assets) 275% 12. Tooais Net reports awernge corrren shaes cestanding ot 53 a2 theusand during 2011 Whiris be
Explanation / Answer
Answer:49 c.3.6:1
Current ratio=CA/CL
=$212201/$58355
=3.6
