Question - Compute Low's Companies' current ratio at May 31, 2018 and 2017.
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Low's Companies Income Statement Years Ended May 31, 2018 and 2017
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2018
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2017
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Net Sales Revenue
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$55,400
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$41,600
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Cost of Goods Sold
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20,800
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21,400
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Interest Expense
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500
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280
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All other Expenses
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6,900
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8,400
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Net Income
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$27,200
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$11,520
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Begin by selecting the formula to calculate Low's Companies' current ratio. Then enter the amounts and calculate the current ratio for 2018 and then 2017.