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City B's balance sheet is shown in Table 26.9. Calculate the following: a. current ratio b. working capital c. quick ratio d. the common-size ratios
City B's balance sheet is shown in Table 26.9. Calculate the following: a. current ratio b. working capital c. quick ratio d. the common-size ratios for cash, advance payments, receivables, and restricted asset.
Table 26.9 City B: Statement of Financial Position (Balance Sheet) | |||
City B | |||
Assets ($) | |||
Cash | 150,071 | ||
Investments | 520,950 | ||
Receivables | 222,793 | ||
Inventory | 18,154 | ||
Other Non-Current Assets | 1,027,412 | ||
Capital Assets (at cost) | |||
Non-Depreciable | 1,694,551 | ||
Depreciable Net | 2,530,613 | ||
Total Assets | 6,164,544 | ||
Liabilities ($) | |||
Accounts Payable | 583,214 | ||
Trust Liabilities and Deposits | 31,984 | ||
Advance Payments | 35,691 | ||
Matured Bonds Payable | 77,044 | ||
Interest Payable | 58,503 | ||
Non Current Liabilities | |||
Due in Less Than One Year | 103,845 | ||
Due in More Than One Year | 2,054,176 | ||
Total Liabilities | 2,944,457 | ||
Net Assets ($) | |||
Net Investment in Capital Assets | 586,550 | ||
Restricted Assets | 1,790,701 | ||
Unrestricted Assets | 842,836 | ||
Total Net Assets | 3,220,087 | ||
Total Liabilities & Net Assets | 6,164,544 |
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