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4. The following balance sheet statement is given, calculate 1) current ratio 2) rapid ratio 3) net income to capital (criterion in Industry: 30%): Asst
4. The following balance sheet statement is given, calculate 1) current ratio 2) rapid ratio 3) net income to capital (criterion in Industry: 30%): Asst Balance sheet L+C Cash 400 Acct. payable 700 Bank 100 Notes payable 1000 Acct. rec. 400 Unearned Income 100 Notes rec. 700 Wage payable 200 Inventory 2300 long loan 6000 Prepaid exp. 100 Capital 6000 Equipment 2100 Net Income 1500 Machines 7800 Building Land 1200 400 15500 15500
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Schaums Outline Of Theory And Problems Of Managerial Accounting
Authors: Jae K. Shim, Joel G. Siegel
0070573050, 978-0070573055
