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calculate the following liquidity ratio current ratio quick ratio The following financial data for the Freemont Corporation are to be used in answering the self-test
calculate the following liquidity ratio current ratio quick ratio
The following financial data for the Freemont Corporation are to be used in answering the self-test problems Balance Sheet ($000) Liabilities & Stockholders Accounts payable Assets Cash Marketable securities 2,500 Notes payable Accounts receivable 5,000 Total current liabilities Inventory Total current assets$52.000 Total liabilities Fixed assets (net)35,000 Common stock (par value) Total assets $12,500 12.500 $25,000 22.000 $47000 5,000 $87000 Contributed capital in excess of par 18.000 17,000 $40.000 Total liabilities and stockholders' equity $87,000 $ 1,500 33.000 Long-term debt Retained earnings Total stockholders' equityStep by Step Solution
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