1) 2)3)

Use the following data to calculate the current ratio. Cash $140500 Metlock, Inc. Balance Sheet December 31, 2017 $66500 Accounts payable Salaries and wages 85500 payable 137000 Mortgage payable 82000 Total liabilities Accounts receivable 11000 161000 $312500 191500 Inventory Prepaid insurance Stock Investments (long- term) Land Buildings Less: Accumulated depreciation 185000 $201500 Common stock $179000 (58500) 143000 Retained earnings 522000 Trademarks 123000 $701000 Total stockholders' equity Total liabilities and stockholders' equity Total assets $1013500 $1013500 O 2:1 2:1 2.45:1 3:1 Use the following data to calculate the current ratio. Cash Accounts receivable Inventory Prepaid insurance Stock investments (long-term) Land Buildings Less: Accumulated depreciation Trademarks Cheyenne Corp. Balance Sheet December 31, 2017 $199000 Accounts payable $206000 140000 Salaries and wages payable 31000 167000 Mortgage payable 228000 94300 Total liabilities $465000 265000 295000 $303000 Common stock $411800 (62500) 240500 Retained earnings 728000 204000 Total stockholders' equity $1139800 $1604800 Total liabilities and $1604800 stockholders' equity Total assets 2.16:1 2.53:1 2.89:1 1.47:1 Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment Cash Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation Trademarks Sunland Company Balance Sheet December 31, 2017 $186000 Accounts payable $208000 160000 Salaries and wages payable 27500 150000 Mortgage payable 234500 92800 Total liabilities $470000 252000 262000 $305000 Common stock $361300 (59000) 246000 Retained earnings 734500 217000 Total stockholders' equity $1095800 Total liabilities and $1565800 $1565800 stockholders' equity Total assets $567000 $973000 $508000 $725000 Based on the following data, what is the amount of working capital? Accounts payable Accounts receivable Cash Intangible assets Inventory Long-term investments Long-term liabilities Short-term investments Notes payable (short-term) Property, plant, and equipment Prepaid insurance $67840 120840 74200 106000 146280 169600 212000 84800 59360 1420400 2120 $392200 $301040 $345560 $351920