Robert is a manager of a small-scale firm. He needs to decide whether the firm has sufficient resources to meet its short-term obligations.

Robert is a manager of a small-scale firm. He needs to decide whether the firm has sufficient resources to meet its short-term obligations. Calculate the ratio that Robert needs to calculate from the information given below.

Cash and cash equivalents

$1,057,600

Accounts receivables

1,556,500

Short-term investments

770,300

Other current assets

420,500

Accounts payable

995,700

Long-term debt

528,000

Short-term debt

176,000

Other current liabilities

2,495,700