First, access the annual K report of Rocky Mountain Chocolate Factory RMCF linked above
Locate the Financial Statements and Supplementary Data in the K Report using the Table of Contents. Use the information provided on the appropriate financial statement to answer the following two questions:
Requirement Identify the February current assets, then the current liabilities listed on the financial statement. List each of the current asset by name and their dollar amount, and then list the current liabilities by name and their dollar amount. Include the total for each of the two categories.
Requirement Compute Rocky Mountain Chocolate Factory's Current Ratio for both the fiscal year and the year Show the math used in each of your calculations. Next, define what the current ratio means.
The current ratio for Rocky Mountain Chocolate Factory for was current assets of $ current liabilities of $
Requirement Using the information from Requirement is RMCFs current ratio healthy? Why did you come to that conclusion?
I recommend that you compose your first post using a word document on your computer. After carefully proofreading your post, double checking your math, and using spell check, copy and paste your post in the reply area in Canvas. After you have completed your first post, your classmate's posts will become available. Caution: do not select reply in Canvas until you are ready, because once you open your first reply, that is the one that will be scored, no second chances for the first post. points.