d) 7.05

Exercises 2.6 through 2.13 are based on the following information The Statement of Financial Position of Henley Fashions on December 31, 20X8, included the fol- lowing accounts, as well as several additional equity accounts that are not shown here: Cash .......... ........ $15,000 Accounts receivable . $33,000 Marketable securities ... ... $14,000 Inventory ........ $60,000 Prepaid rent ........... ... $5,000 Equipment $120,000 Accumulated depreciation: equipment.... $40,000 Trade accounts payable $35,000 Long-term note payable ... $60,000 E2.6. Based on the information provided as of December 31, 20X8, what are total assets? a) $322,000. b) $287,000 c) $247,000. d) $207,000. E2.7 Based on the information provided as 20X8, what is working capital? a) $92,000 b) $50,000 c) $137,000 d) $212,000. E2.8 As of December 31, 20X8, the current a) 3.48 b) 3.63 c) 5.91 Panet