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Classified Balance Sheet The following balance sheet items, listed in alphabetical order, are available from the records of Ruth Corporation at December 31, 2017: Accounts
Classified Balance Sheet
The following balance sheet items, listed in alphabetical order, are available from the records of Ruth Corporation at December 31, 2017:
Accounts payable | $19,645 | Income taxes payable | $5,920 | |
Accounts receivable | 22,445 | Interest payable | 1,630 | |
Accumulated depreciation - automobiles | 22,990 | Inventory | 45,645 | |
Accumulated depreciation - buildings | 36,660 | Land | 275,000 | |
Automobiles | 114,950 | Long-term investments | 80,870 | |
Bonds payable, due December 31, 2021 | 159,000 | Notes payable, due June 30, 2018 | 11,000 | |
Buildings | 183,300 | Office supplies | 2,140 | |
Capital stock, $10 par value | 150,000 | Paid-in capital in excess of par value | 54,000 | |
Cash | 12,230 | Patents | 40,000 | |
Prepaid rent | 1,570 | |||
Retained earnings | 313,175 | |||
Salaries and wages payable | 4,130 |
Property, plant, and equipment: | |||
Land | $fill in the blank beac4ffb8ff8021_15 | ||
Automobiles | $fill in the blank beac4ffb8ff8021_17 | ||
Accumulated depreciation | fill in the blank beac4ffb8ff8021_19 | fill in the blank beac4ffb8ff8021_20 | |
Buildings | $fill in the blank beac4ffb8ff8021_22 | ||
Accumulated depreciation | fill in the blank beac4ffb8ff8021_24 | fill in the blank beac4ffb8ff8021_25 | |
Total property, plant, and equipment | fill in the blank beac4ffb8ff8021_26 | ||
Intangible assets: | |||
Patents | fill in the blank beac4ffb8ff8021_28 | ||
Total assets | $fill in the blank beac4ffb8ff8021_29 |
Compute Ruth's current ratio. Round your answer to two decimal places. fill in the blank _________ to 1
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