At the beginning of the year,Butters Company's balance sheet showed current assets of $36,000 and current liabilities of $10,000.During the current year,Butters issued common stock for $5,000 for cash and purchased $3,000 of inventory on account.After these transactions were recorded,Butter's current ratio was:

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The Answer of At the beginning of the year,Butters Company's balance sheet showed current assets of $36,000 and current liabilities of $10,000.During the current year,Butters issued common stock for $5,000 for cash and purchased $3,000 of inventory on account.After these transactions were recorded,Butter's current ratio was:

At the Beginning of the Year,Butters Company's Balance Sheet Showed