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ACC 330, Inc. provides the following data: ACC 330, Inc. Balance Sheet Year Ended Dec. 31, 2017 Assets Current Assets: Cash and Cash Equivalents $29,000
ACC 330, Inc. provides the following data: ACC 330, Inc. Balance Sheet Year Ended Dec. 31, 2017 Assets Current Assets: Cash and Cash Equivalents $29,000 Account Receivable, Net 31,000 Merchandise Inventory 53,000 Total Current Assets $113,000 Property, Plant, and Equipment, Net 120,000 Total Assets $233,000 Liabilities Current Liabilities: Accounts Payable $4,200 Notes Payable 2,100 Total Current Liabilities $6,300 Long-term Liabilities 88,000 Total Liabilities $94,300 Stockholders' Equity Common Stock $31,000 Retained Earnings 107,700 Total Stockholders' Equity $138,700 Total Liabilities and Stockholders' Equity $233,000 REQUIRED: Compute the following. Show your work for full credit. 1. Working capital 2. Current Ratio 3. Quick Ratio 4. Debt to Equity
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