Would like to be able to include WIP Assets as part of the Current Assets on the Balance Sheet, there for making WIP Assets part of the Current Ratio. Currently our Current Ratio is showing at 0.21, however WIP Assets are NOT included in Current Assets although Construction Loans Payable ARE included in Current Liabilities. If WIP Assets were able to be moved to Current Assets, then the Current Ratio would be more accurate at 1.39.

by: Lindsay P. | over a year ago | Accounting Reports