U-Ride Washington County provides transportation solutions for individuals living in rural western Washington County where there is absence of public transportation. This service allows customers to access public transit, shopping and other activities such as medical, recreation, employment and/or education.
Current ratio is a financial ratio that measures whether or not a firm has enough resources to pay its debts over the next 12 months. Use a company's current ratio to evaluate its short-term financial strength. The liquidity ratio expresses a company's ability to repay short-term creditors out of its total cash. The liquidity ratio is the result of dividing the total cash by short-term borrowings.
One of those financial metrics is known as a current ratio. The current ratio is a measure of how well a company can meet its short-term obligations. Short-term obligations are usually debts or liabilities that need to be paid in the next twelve months. In accounting terms, the current ratio is the ratio of current assets to current liabilities, and is often described as the liquidity of a company. To be classified as a current asset, the asset must be cash or able to be easily converted into cash in the next 12 months.