Which of the following account balances would not be included in the calculation of the current ratio?
A)Accounts receivable
B)Short-term notes payable
C)Contributed capital
D)Inventory

Name: Which of the following account balances would not be included in the calculation of the current ratio? A)Accounts receivable B)Short-term notes payable C)Contributed capital D)Inventory
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Question

Quizplus · Accepted Answer

The current ratio is current assets divided by current liabilities. Contributed capital is a component of stockholders' equity.

Which of the Following Account Balances Would Not Be Included