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.
The current ratio measures the current assets as a percentage of the current liabilities to show the amount of current debt that can be paid off with current assets like cash, inventory, and receivables. Second, this ratio shows how easily a company can come up with the money to pay its debts.