What is Ella Company's current ratio? a. 0.69 b. 1.31 c. 3.88 d. 6.69 e. 2.39 Assets
Question:
What is Ella Company's current ratio?
a. 0.69
b. 1.31
c. 3.88
d. 6.69
e. 2.39
Transcribed Image Text:
Assets Cash ......... Accounts receivable..... Merchandise inventory.. Prepaid insurance Long-term investments.. Plant assets, net........ Total assets.... ELLA COMPANY Balance Sheet December 31 Liabilities $ 86,000 Current liabilities....... $124,000 76,000 Long-term liabilities...... 90,000 122,000 Equity 12,000 Common stock......... 98,000 Retained earnings..... 436,000 $830,000 Total liabilities and equity.. $830,000 300,000 316,000
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Evaluating manufacturing processes by designing and conducting research programs; applying knowledge of product design, fabrication, assembly, tooling, and materials; conferring with equipment vendors; soliciting observations from operators. Developing manufacturing processes by studying product requirements; researching, designing, modifying, and testing manufacturing methods and equipment; conferring with equipment vendors. Keeping equipment operational by coordinating maintenance and repair services; following manufacturer's instructions and established procedures; requesting special service.
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