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Montreal Electronics Has the Following Data Available Current Liabilities:\text{Current Liabilities:}

Question 44

Multiple Choice

Montreal Electronics has the following data available:  Current Assets: 20132012 Cash $150$57 Accounts Receivable 9570 Accrued Interest Receivable 1515 Inventory 2060 Prepaid Rent 10 Total Current Assets 290$202\begin{array}{lll}\text { Current Assets: }&2013&2012\\\text { Cash } & \$ 150 & \$ 57 \\\text { Accounts Receivable } & 95 & 70 \\\text { Accrued Interest Receivable } & 15 & 15 \\\text { Inventory } & 20 & 60 \\\text { Prepaid Rent } & 10 & \ldots\\\text { Total Current Assets } & 290 & \$202\\\end{array}
Current Liabilities:\text{Current Liabilities:}
 Accounts Payable $90$65 Accrued Wages Payable 2410 Accrued Income Taxes Payable 1612 Accrued Interest Payable 99 Unearned Sales Revenue 5 Current Portion  of Long-Term Notes Payable 80 Total Cument Lizbilities $219$101\begin{array} { l l l } \text { Accounts Payable } & \$ 90 & \$ 65 \\\text { Accrued Wages Payable } & 24 & 10 \\\text { Accrued Income Taxes Payable } & 16 & 12 \\\text { Accrued Interest Payable } & 9 & 9 \\\text { Unearned Sales Revenue } & - & 5 \\\text { Current Portion } & & \\\text { of Long-Term Notes Payable } & 80& - \\\text { Total Cument Lizbilities } & \$ 219 & \$ 101\end{array}
Long-Term Liabilities:\text{Long-Term Liabilities:}
 Notes Payable40120 Total Liabilities $259$221\begin{array}{lccc}\text { Notes Payable} & 40 & 120\\ \text { Total Liabilities } & \$ 259 & \$ 221 \end{array} What is the current ratio for Montreal Electronics in 2013? Has the current ratio improved or not improved since 2012?


A) 2.0,improved
B) 1.3,improved
C) 1.3,not improved
D) 0.5,improved
E) 2.0,not improved

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