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1- Given the financial statement shown calculate the: (a) Current ratio (b) Quick ratio (c) Debt-equity ratio (a) Current assets Cash on hand and on
1- Given the financial statement shown calculate the: (a) Current ratio (b) Quick ratio (c) Debt-equity ratio (a) Current assets Cash on hand and on deposit Notes receivable, current Accounts receivable, including retainage of $265.686.39 Deposits and miscellaneous receivables Assets Inventory-construction material Prepaid expenses Total (b) Notes receivable, non-current (c) Property Buildings Construction equipment Motor vehicles Office furniture and equipment Total (d) Less accumulated depreciation Net property (e) Total assets $389,927.04 16,629.39 1.222.346.26 15.867.80 26,530.14 8.490.68 1.679,791.31 12.777.97 Liabilnies 1,834,553.29 (f) Current liabilities Accounts payable Due subcontractors Accrued expenses and taxes Equipment contracts, current Provision for income taxes Total (g) Deferred credits Income billed on jobs in progress at 31 December 19X4 Costs incurred to 31 December 19X4 on uncompleted jobs 5,244.50 188,289.80 37.576.04 (h) Total liabilities 13.596.18 244,706.52 102.722.51 141,984.01 Total current liabilities Equipment contracts, non-current Net worth (i) Common stock, 4,610 shares Retained earnings 0) Total net worth (k) Total liabilities and net worth $306,820.29 713,991.66 50,559.69 2,838.60 97.816.66 1.171.826.90 2.728,331.36 2.718,738.01 9.593.35 1,181,420.25 7.477.72 1.188.897.97 461,000.00 184,655.32 645,655.32 1,834,553.29
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