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Check my werk 1 Halifax Fisheries Inc began the month of March with $780,000 of current assets, a current ratio of 25 to 1, and
Check my werk 1 Halifax Fisheries Inc began the month of March with $780,000 of current assets, a current ratio of 25 to 1, and a quick ratio of 11 to 1 During the month, it completed the following transactions: Marhought 330, ce of marchandise on account. The company uses a perpetual inventory wsten) a 11 sold serchandise that cost 74,000 for $120,000 15 Collected 32,000 account receivable. 17 Faida 534,600 account payable 19 wrote off 516,000 bad debt against Allowance for Doubtful Accounts 24 Declared a $2.75 per share cash dividend on the 43,000 outstanding common shares 30 Paid the dividend declared on March 24 29 Borrowed 5100,000 by giving the bank 30-day, 20 note. 30 Borrowed $130,000 by signing a long-term secured hotel 31 Used the $230,000 proceeds of the notes to buy additional sachinery: speelt Required: Prepare a schedule showing Halifax Fisheries Inc's current ratio, quick ratio, and working capital after each of the transactions. (Round ratios to 2 decimal places and other final answers to nearest whole dollar) Current Assets Quick Assets Current Liabilities Current Ratio Quick Ratio Working Capital 1 1 Transaction Beginning Mar 6 Bal Mar 11 1 1 Assignment #7 - Chapters 16 17 due 04132022 Sav Help Save & E Suhmi 1 Check my work Mar 11 Bal Mar 15 10 points 1 Print 1 1 References Bal Mar 17 Bal Mar. 19 Bal Mar. 24 Bal Mar 28 Bal Mar 29 Bal Ma: 30 Bal Mar 31 Bai 1 1
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