Problem: Review the formula for the current ratio. Using this formula, look carefully at the balance sheet to locate the information you need. Calculate the current ratio for each of the 3 years. When reporting the ratio, show the numerator and denominator used in your calculations as well as the final result: 2014 current, cash 8, accounts receivable 30, march inventory 40, prepaid expenses 2, total current assets 80, property assets 150, total assets 230. Liabilities current, accounts payable 80, noncurrent 50