Bennis SA had the following transactions occur involving current assets and current liabilities during February 2025. Instructions

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Bennis SA had the following transactions occur involving current assets and current liabilities during February 2025. image text in transcribed

Instructions

a. Compute the current ratio as of the beginning of the month and after each transaction.

b. Compute the acid-test ratio as of the beginning of the month and after each transaction.
Compute selected ratios.

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Financial Accounting With International Financial Reporting Standards

ISBN: 9781119787051

5th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Apr 05, 2024 01:25 AM

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Bennis SA had the following transactions occur involving current assets and current liabilities during February 2025. Instructions

Question:

Feb. 3 7 11 14 18 Accounts receivable of R$15,000 are collected. Equipment is purchased for R$28,000 cash. Paid R$3,000 for a 1-year insurance policy. Accounts payable of R$12,000 are paid. Cash dividends of R$5,000 are declared.

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Financial Accounting With International Financial Reporting Standards

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