A skeleton of Westview Country Florists balance sheet appears as follows (amounts in thousands): Use the following

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A skeleton of Westview Country Florist€™s balance sheet appears as follows (amounts in thousands):

Use the following ratio data to complete Westview Country Florist€™s balance sheet:
a. Debt ratio is 0.57.
b. Current ratio is 1.20.
c. Quick (acid-test) ratio is0.20.

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Financial accounting

ISBN: 978-0132751124

9th edition

Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom

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Question Posted: Apr 22, 2013 02:30 AM

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A skeleton of Westview Country Florists balance sheet appears as follows (amounts in thousands): Use the following

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Balance Sheet Cash Receivables $ 60Total current liabilities $2,100 Long-term debt 774 Other long-term liabilities 920 Prepaid expenses Total current assets Plant assets, net Other assets Total assets Common stock 180 2,701 2.375Retained earnings $6,700 Total liabilities and equity

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Balance Sheet Dollars in thousands Cash 60 Total curren...View the full answer

Financial accounting

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