Using the following account balances, calculate for the two years presented A Working capital B Current ratio Accounts payable Accounts receivable Cash Prepaid insurance Salaries payable Utilities payable 12 31 2018 $45,000 52,000 11,500 1,060 9,400 3,500 12 31 2019 $12,600 15,200 19,780 2,400 12,8...

A Working capital for 12312018 52000 11500 1060 45000 9400 3500 17120 Working capita ...

Using the following account balances, calculate for the two years presented: A. Working capital B. Current ratio

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Using the following account balances, calculate for the two years presented:
A. Working capital
B. Current ratio

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Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

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Question Posted: Aug 11, 2022 02:14 AM

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Using the following account balances, calculate for the two years presented: A. Working capital B. Current ratio

Question:

Accounts payable Accounts receivable Cash Prepaid insurance Salaries payable Utilities payable 12/31/2018 $45,000 52,000 11,500 1,060 9,400 3,500 12/31/2019 $12,600 15,200 19,780 2,400 12,800 2,550

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Principles Of Accounting Volume 1 Financial Accounting

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