The following items are taken from the balance sheet of the P.O. 4a,b,c Masty Company: Compute the
Question:
The following items are taken from the balance sheet of the P.O. 4a,b,c Masty Company:
Compute the following items:
a. Working capital
b. Current ratio
c. Quick ratio
Transcribed Image Text:
Cash $125,000 Accounts Receivable (net) 376,000 Merchandise Inventory 122,000 Prepaid Expenses 3,750 Accounts Payable 176,000 Notes Payable (current) 17,200 Salaries Payable 2,700
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Related Book For
College Accounting Chapters 1-26
ISBN: 9780395796993
6th Edition
Authors: Douglas J. McQuaig, Patricia A. Bille
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