I need support with this Accounting question so I can learn better.
Many Contingent Liabilities are not on the Balance Sheet. This obviously influences the amount of current liabilities recorded. Calculate the current ratio for Coca Cola from the 2013 Annual Report numbers. What does this mean? Good? Bad? Why?
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current ratio 1.13
Good? because if you compare it to the last two years 2012 and 2013 it has improved