calculate the current ratio at december 31, 2019

calculate acid- test ratio at december 31,2019

QUESTION 27 Please show all supporting computations. Points will be deducted if you do not show your work. The following amounts were reported on the December 31, 2019, balance sheet: Cash $ 9,000 Accounts receivable 33,000 Common stock 50,000 Wages payable 16,000 Retained earnings 125,000 Land 30,000 Accounts payable 19,000 Bonds payable 110,000 Merchandise inventory 28,000 Buildings and equipment, net of accumulated depreciation 220,000