Traditional Mills balance sheet appears as follows (amounts in thousands): Use the following ratio data to complete
Question:
Traditional Mills’ balance sheet appears as follows (amounts in thousands):
Use the following ratio data to complete Traditional Mills’ balance sheet.
1. Current ratio is 0.72.
2. Acid-test ratio is 0.36.
Transcribed Image Text:
Assets Cash Accounts Receivables Merchandise Inventory Prepaid Expenses Total Current Assets Plant Assets, Net Other Assets Total Assets TRADITIONAL MILLS Balance Sheet December 31, 2024 Liabilities $ 45 Total Current Liabilities (a) 800 (b) (c) (d) Long-term Note Payable Other Long-term Liabilities Total Liabilities Stockholders' Equity $ 2,500 (e) 760 (f) 2,490 Stockholders' Equity 2,450 $7,000 Total Liabilities and Stockholders' Equity $ (g)
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Related Book For
Horngrens Accounting The Financial Chapters
ISBN: 9780136162186
13th Edition
Authors: Tracie Miller Nobles, Brenda Mattison
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