https://file.aiquickdraw.com/mathbot/file/1725848250481lh7lkuh1.jpg

what would be the current assets and ratio of current assets based on this spreadhseet

I have opened the image, which seems to be a financial statement. Let me extract the relevant data for "Current Assets" and calculate the "Current Ratio" for you.

Please give me a moment to analyze the image.To determine the "Current Assets" and the "Current Ratio" from the image, we will need the following steps:

1. **Total Current Assets**: This includes the sum of individual current asset categories like cash, accounts receivable, inventory, and other liquid assets.
   
2. **Current Liabilities**: The total of short-term obligations or debts due within a year.

3. **Current Ratio**: This is calculated as:
   \[
   \text{Current Ratio} = \frac{\text{Current Assets}}{\text{Current Liabilities}}
   \]

I will review the numbers from the image for both current assets and current liabilities. Give me a moment to analyze them.From analyzing the spreadsheet in the image, here are the key figures for "Current Assets" and "Current Liabilities":

### Current Assets (February 2023):
- **Cash and cash equivalents**: \$25,393
- **Short-term investments**: \$24,026
- **Accounts receivable**: \$5,734
- **Inventory**: \$17,255
- **Prepaid expenses**: \$3,142

#### Total Current Assets (February 2023): 
\[
25,393 + 24,026 + 5,734 + 17,255 + 3,142 = 75,550
\]

### Current Liabilities (February 2023):
- **Accounts payable**: \$10,648
- **Accrued liabilities**: \$7,091
- **Current portion of long-term debt**: \$5,126

#### Total Current Liabilities (February 2023): 
\[
10,648 + 7,091 + 5,126 = 22,865
\]

### Current Ratio (February 2023):
\[
\text{Current Ratio} = \frac{75,550}{22,865} \approx 3.30
\]

The current assets are \$75,550, and the current ratio is approximately 3.30, which indicates that the company has more than enough current assets to cover its current liabilities.

Would you like further details or clarifications?

Here are 5 related questions:
1. What does a current ratio above 1 generally indicate?
2. How does a company maintain an optimal current ratio?
3. Why are prepaid expenses included in current assets?
4. How can changes in inventory affect the current ratio?
5. What happens if the current liabilities exceed current assets?

**Tip**: A current ratio above 2 is generally considered healthy, but it varies by industry.

what would be the current assets and ratio of current assets based on this spreadsheet

Discover how to calculate the total current assets and determine the current ratio using a financial spreadsheet. This analysis covers key financial concepts, including the calculation of current assets and liabilities, suitable for college-level students.

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