Question
A business has the following financial information at the end of the year: Cash $2,000 Accounts receivable $14,000 Long term debt $10,000 Inventory $12,000 Total
- A business has the following financial information at the end of the year:
Cash $2,000
Accounts receivable $14,000
Long term debt $10,000
Inventory $12,000
Total equity $62,000
Accounts payable $8,000
Wages payable $1,500
Total property, plant & equipment $25,000
Accumulated depreciation $6,000
Determine the current ratio as of the end of the year.
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Global Strategy
Authors: Mike W. Peng
5th Edition
0357512367, 978-0357512364
