19-24

Use the following to answer questions 19-24 The following balance sheet items, listed in alphabetical order, are available from the records of AHY Corpor. at December 31, 20XC: Accounts payable $25,000 Inventory Accounts receivable 33,000 Land Automobiles, net 235,000 Long-term investment Bond payable 1,500,000 Notes payable, due 11 months Buildings, net 1,750,000 Patents Common stock 500,000 Payroll taxes payable Cash 29,000 Prepaid expenses Income tax payable 18,000 Retained earnings Interest payable 6,200 Supplies 19. $ How much are the current assets? Chapter 8 Paj 20.5 How much are the total assets? 21.5 How much are the current liabilities? 22.5 How much are the total liabilities? 23.5 How much is the total stockholders' equity? 24 What is the current ratio, (round to two decimal places)? Use the following to answer questions 19-24 The following balance sheet items, listed in alphabetical order, are available from the records of AHY Corporation at December 31, 20XC: Accounts payable $25,000 Inventory $180,000 Accounts receivable 33,000 Land 250,000 Automobiles, net 235,000 Long-term investment 125,000 Bond payable 1,500,000 Notes payable, due 11 months 100,000 Buildings, net 1,750,000 Patents 75,000 Common stock 500,000 Payroll taxes payable 8,500 Cash 29,000 Prepaid expenses 6,000 Income tax payable 18,000 Retained earnings 525,600 6,200 Interest payable Supplies 300