Question
Apollo Corp. reported the following balance sheet. What is the Apollo Corp.'s current ratio? Round to two decimals. Cash $28538 Accounts payable $5880 Accounts receivable
Apollo Corp. reported the following balance sheet. What is the Apollo Corp.'s current ratio? Round to two decimals.
| Cash | $28538 |
| Accounts payable | $5880 |
| Accounts receivable | 15195 |
| Notes Payable | 11839 |
| Inventory | 45835 |
| Accruals | 17171 |
| Net Fixed Assets | 121768 |
| Long-Terms Debt | 44712 |
|
|
|
| Common Stock | 9783 |
|
|
|
| Retained Earnings | ??? |
| Total assets | 211336 |
| Total Liab. & Equity | 211336 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Raising Venture Capital
Authors: Rupert Pearce, Simon Barnes
1st Edition
0470027576, 978-0470027578
