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Baynard Boats, Inc. Balance Sheet December 31, 2020 Cash $55,000 Accounts Payable $175,000 Marketable Securities 105,000 Mortgage Payable 140,000 Account Receivable 175,000 Notes Payable 165,000
| Baynard Boats, Inc. Balance Sheet December 31, 2020 | ||||
| Cash | $55,000 | Accounts Payable | $175,000 | |
| Marketable Securities | 105,000 | Mortgage Payable | 140,000 | |
| Account Receivable | 175,000 | Notes Payable | 165,000 | |
| Inventory | 250,000 | Common Stock | 160,000 | |
| Plant Assets, net | 220,000 | Retained Earnings | 165,000 | |
| $805,000 | $805,000 | |||
Required: 1. Compute the Quick Ratio/Acid Test Ratio. Round your answer to two decimal places. fill in the blank 1
2. Compute the Current Ratio. Round your answer to two decimal places.
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Value Based Management Context And Application
Authors: Glen Arnold, Matt Davies
1st Edition
0471899860, 978-0471899860
