(Solution) - Refer to the Hajjar s Data Set a Compute Hajjar s current ratio -(2025 Original AI-Free Solution)

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Refer to the Hajjar's Data Set.
a. Compute Hajjar's current ratio at December 31, 2012 and 2011.
b. Did Hajjar's current ratio improve, deteriorate, or hold steady during 2012?
Hajjar's Data Set
Hajjar's
Income Statement
For the Year Ended December 31, 2012
Net sales ...................................................................................................... $42,522,500
Cost of goods sold........................................................................................ 29,900,000
Interest expense............................................................................................ 405,820
All other expenses ........................................................................................ 9,665,300
income.......................................................................................................... $2,551,380