Using the following account balances, calculate for the two years presented: A. Working capital B. Current ratio
Question:
Using the following account balances, calculate for the two years presented:
A. Working capital
B. Current ratio
Transcribed Image Text:
Accounts payable Accounts receivable Cash Prepaid insurance Salaries payable Utilities payable 12/31/2018 $12,790 16,330 21,040 4,500 6,500 1,200 12/31/2019 $1,530 2,200 5,550 1,200 4,000 550
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
A Working capital 12312018 16330 2...View the full answer
Answered By
Labindao Antoque
I graduated in 2018 with a Bachelor of Science degree in Psychology from Dalubhasaan ng Lungsod ng San Pablo. I tutored students in classes and out of classes. I use a variety of strategies to tutor students that include: lecture, discussions about the subject matter, problem solving examples using the principles of the subject matter being discussed in class , homework assignments that are directed towards reinforcing what we learn in class , and detailed practice problems help students to master a concept. I also do thorough research on Internet resources or textbooks so that I know what students need to learn in order to master what is being taught in class .
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
Students also viewed these Business questions
-
The books of Torrent Company show the following account balances as of March 1: The work in process account is supported by the following job order cost sheets: During March, the following...
-
The following account balances are taken from the records of the Faraway Travel Agency: Faraway extends credit terms requiring full payment in 60 days, with no discount for early payment. Required 1....
-
The following account balances are taken from Sherwood Ltds adjusted trial balance at June 30, 2016: Required: a. Prepare a single-step statement of income for the year ended June 30, 2016. b....
-
Why might cloud computing be greener than conventional computing alternatives? Research online and share examples suggesting that cloud firms could be less environmentally taxing than if a firm built...
-
Four federal laws and subsequent amendments underpin U.S. environmental protection. Identify these laws.
-
Rose Company makes artificial flowers and reports the following data for the month. Journalize the entries relating to materials and labor. Purchases of materials, on account ...... $ 53,000...
-
Find the shortest path from Aili to Kalina. Use the mathematical modeling graph showing contact tracing for students in a particular class. Hani Luka Javier Nimal Nara Loise Aili Kalina Pasha Justin...
-
Presented below is financial information for two different companies. Instructions(a) Determine the missing amounts.(b) Determine the gross profit rates. (Round to one decimalplace) Nam Mayo Company...
-
Compute the outward flux of the vector field j|'(ma y, z) = {mi + lyj + 3:]: across the boundary of the right cylinder with radius 4 with bottom edge at height 2 : -2 and upper edge at z = 4. Note:...
-
Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 20Y5. The accounting cycle for Kelly Consulting for April, including financial statements, was illustrated in this chapter....
-
If current assets are $112,000 and current liabilities are $56,000, what is the current ratio? A. 200 percent B. 50 percent C. 2.0 D. $50,000
-
Using the following account balances, calculate for the two years presented: A. Working capital B. Current ratio Unearned revenue Cash Prepaid rent Supplies Taxes payable Wages payable 12/31/2018...
-
Which choice most effectively establishes the main topic of the paragraph? A) NO CHANGE B) Depend on our ability to translate C) Depends on the ability of our translating D) Depends on our ability to...
-
BE 23-1 Direct materials variances: Alvarado Company produces a product that requires 3.0 standard pounds per unit. The standard price is $6.00 per pound. If 8,000 units used 23,900 pounds, which...
-
Bond valuation-Semiannual interest Calculate the value of each of the bonds shown in the following table, all of which pay interest semiannually. (Click on the icon located on the top-right corner of...
-
1. what is a customer benefit package its advantage and give example of a service CBP. 2. describe five reasons for a product and service design and give examples
-
A firm has an EBIT of $780,000 per year that is expected to continue in perpetuity.The unlevered cost of equity of the firm is 12 percent and the corporate tax rate is 21 percent.The company also has...
-
Design strategies to increase employee motivation during times of change. Facebook's current implementation and evaluation plans Evaluate the role of leadership in developing an innovative culture....
-
Discuss the importance of a complete program for expatriate performance management. What are the typical components for such a program?
-
The landing gear of an aircraft with: mass of 2000 kg the spring-mass-damper system Consider that the runway surface is y(t) = 0.2 cos 157.08t stiffness of the spring is 5 x 105 N/m. What is the...
-
Megan is an accountant for KnoxCo. She is a telecommuter and works most days from her home in Tennessee. Twice a month, she travels to Georgia for a staff meeting at the employer's Atlanta...
-
If a producer creates a really revolutionary new product and consumers can learn about it and purchase it at a website, is any additional marketing effort really necessary? Explain your thinking.
-
List your activities for the first two hours after you woke up this morning. Briefly indicate how marketing affected your activities.
-
Calculate the expected costs when production is 5 , 4 0 0 units. ( Round per unit calculations to 2 decimal places, e . g . 1 5 . 2 6 and final answer to the nearest whole dollar, e . g . 5 , 2 7 5 ....
-
Lightfoot Inc., a software development firm, has stock outstanding as follows: 3 0 , 0 0 0 shares of cumulative preferred 4 % stock, $ 2 5 par, and 3 8 , 0 0 0 shares of $ 1 0 0 par common. During...
-
The following information relates to the debt imvestments of Ayayai Inc. during a recent year: On February 1 , the company purchased Gibbons Corp. 1 0 % bonds with a face value of $ 2 2 2 , 0 0 0 at...
Study smarter with the SolutionInn App