Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

تمرين 2

Computing the current and debt ratios
Heart of Texas Telecom has these account balances at December 31, 2012:

Requirements
1. Compute Heart of Texas Telecom's current ratio and debt ratio.
2. How much in current assets does Heart of Texas Telecom have for every dollar of current liabilities that it owes