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fast please 15 min 18 Dipty Rahman The following data represented information from the comparative income statement and balance sheet for Hot Rolled Corporation for
fast please 15 min
18 Dipty Rahman The following data represented information from the comparative income statement and balance sheet for Hot Rolled Corporation for the years ended December 2020 and 2019 Marted avtor 100 g ro 2020 2019 $10,000 $15.000 30,000 25.000 13,000 40.000 5,000 7.000 88.000 87000 112.800 114,000 70,000 60,000 Net accounts receivable Inventory Prepaid expenses Total current assets Tolon-current assets Total current abilities Total non-current abilities Common shares Retained earnings Net credit sales Cost of goods sold Grossman Income from operations Interest expense Not income 40,000 60,000 30,000 370,000 150,000 220.000 95,000 8.000 70,000 45.000 60.000 36.000 333.000 160.000 171.000 87.000 8.000 57.000 10.000 shares of common shares have been issued and outstanding since the company was established. They had a market value of $90 per she on December 31, 2010, and they were selling for $91.50 on December 31, 2020 Refer to the table above. The current ratio for Hot Rolled Corporation on December 31, 2020, was Select one A 145 OB 0.00 11% Rain ON A 9:03 AM 12/11/2001 43,000 5,000 88,000 112,000 70,000 40,000 7,000 87,000 114,000 60,000 Inventory Prepaid expenses Total current assets Total non-current assets Total current liabilities Total non-current liabilities . Common shares Retained earnings Net credit sales Cost of goods sold Gross margin Income from operations Interest expense Net income 40,000 60,000 30,000 370,000 150,000 220,000 95,000 8,000 70,000 45,000 60,000 36,000 333,000 160,000 173,000 87,000 8,000 57,000 10,000 shares of common shares have been issued and outstanding since the company was established on December 31, 2019, and they were selling for $91.50 on December 31, 2020. Refer to the table above. The current ratio for Hot Rolled Corporation on December 31, 2020, was: Select one: O A. 145 OB. 0.80 O C. 1.26 D. 0.67 Step by Step Solution
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