During 2018, Towson Company had credit sales of $48,000 and cash sales of $14,000 In 2018 Towson collected $31,000 of accounts receivable resulting from sales on credit Towson incurred operating expenses of $55,000 of this amount, $42,900 was paid in 2018, and the remaining balance represented a liability at year end In addition to these operating expenses, Towson also purchased for cash a three year insurance policy on January 1, 2018 The cost of this policy was $3,000 What is Towson's 2018 accrual basis net income or loss Enter a loss as a negative number Bravo Company experienced a total increase in stockholders' equity of $24,000 during the current year Stockholders' equity was increased by additional issuances of $52,000 capital stock during the year No dividends were paid Expenses incurred during the year were $80,000 How much was Bravo's revenue for the year A partial list shows that Alpha Corporation's adjusted trial balance included the following items (all account balances are normal) Accounts payable $44,000,Accounts receivable $55,500, Capital stock $100,000, Cash $51,000, Dividends $10,000, Goodwill $47,000, Interest expense $4,000, Interest payable $2,600, Inventory $32,000, Note payable $30,000, Prepaid expenses $4,600, Property, plant equipment $123,000, Retained earnings $46,000, Rent expense $18,000, Revenues $101,000, and Salary expense $60,000 The note payable balance is due innine months How much is Alpha's current ratio (Round your answer to two decimal places )

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During 2018, Towson Company had credit sales of $48,000 and cash sales of $14,000.In 2018 Towson collected $31,000 of accounts receivable resulting from sales on

During 2018, Towson Company had credit sales of $48,000 and cash sales of $14,000.In 2018 Towson collected $31,000 of accounts receivable resulting from sales on credit.Towson incurred operating expenses of $55,000; of this amount, $42,900 was paid in 2018, and the remaining balance represented a liability at year-end.In addition to these operating expenses, Towson also purchased for cash a three-year insurance policy on January 1, 2018.The cost of this policy was $3,000.What is Towson's 2018 accrual basis net income or loss?Enter a loss as a negative number.
Bravo Company experienced a total increase in stockholders' equity of $24,000 during the current year.Stockholders' equity was increased by additional issuances of $52,000 capital stock during the year.No dividends were paid.Expenses incurred during the year were $80,000.How much was Bravo's revenue for the year?
A partial list shows that Alpha Corporation's adjusted trial balance included the following items (all account balances are normal):

Accounts payable $44,000,Accounts receivable $55,500, Capital stock $100,000, Cash $51,000, Dividends $10,000, Goodwill $47,000, Interest expense $4,000, Interest payable $2,600, Inventory $32,000, Note payable $30,000, Prepaid expenses $4,600, Property, plant & equipment $123,000, Retained earnings $46,000, Rent expense $18,000, Revenues $101,000, and Salary expense $60,000.The note payable balance is due innine months.How much is Alpha's current ratio? (Round your answer to two decimal places.)