Answer:
$127,000
Explanation:
Suire Corporation Net operating income
Sales $ 600,000
Variable Costs $ 241,000
Contribution Margin $ 359,000
Fixed Expenses $232,000
Net Operating Income $127,000
Answer:
The current ration for 2018 will be "1.55".
Explanation:
The given values are:
The total current assets of 2018 is:
= $310,000
The total current liabilities of 2018 is:
= $200,000
Now,
The current ratio of 2018 will be:
= 
On substituting the estimated values in the above formula, we get
= 
= 