Question
Assets Cash $ 7,600 Accounts receivable 13,750 Inventory 15,800 Prepaid expenses 2,600 Plant and equipment, net of depreciation 20,500 Land 14,400 Total assets $ 74,650
Assets Cash $ 7,600
Accounts receivable 13,750
Inventory 15,800
Prepaid expenses 2,600
Plant and equipment, net of depreciation 20,500
Land 14,400
Total assets $ 74,650
Liabilities and stockholders' equity
Accounts payable $ 3,390
Salaries payable 7,230
Bonds payable (due in 2020) 17,000
Common stock, no par 11,500
Retained earnings 35,530
Total liabilities and stockholders' equity $ 74,650
What is the company's current ratio?
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Operational Review Maximum Results At Efficient Costs
Authors: Rob Reider
3rd Edition
0471228109, 978-0471228103
