Firm O has accounts receivable of $31,000, cash of $14,600, property, plant, and equipment of $320,000, merchandise inventory of $43,200, accounts payable of $22,100, other accrued liabilities of $7,500, common stock of $250,000, and retained earnings of $129,200 Required Calculate Firm N 's workin...

14600 cash 31000 accounts receivable 43200 inventory 88800 ...

Firm O has accounts receivable of $31,000, cash of $14,600, property, plant, and equipment of $320,000, merchandise

Question:

Firm O has of $31,000, cash of $14,600, property, plant, and equipment of $320,000, merchandise inventory of $43,200, of $22,100, other accrued liabilities of $7,500, of $250,000, and retained earnings of $129,200.

Required:
Calculate Firm N's working capital and current ratio.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...