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Firm O has accounts receivable of $20,100, cash of $18,400, property, plant, and equipment of $340,000, merchandise inventory of $21,500, accounts payable of $31,300, other
Firm O has accounts receivable of $20,100, cash of $18,400, property, plant, and equipment of $340,000, merchandise inventory of $21,500, accounts payable of $31,300, other accrued liabilities of $18,700, common stock of $300,000, and retained earnings of $50,000. Required: Calculate Firm N's working capital and current ratio. Working Capital I Current Ratio = Working Capital = = Current Ratio = Firm O has accounts receivable of $20,100, cash of $18,400, property, plant, and equipment of $340,000, merchandise inventory of $21,500, accounts payable of $31,300, other accrued liabilities of $18,700, common stock of $300,000, and retained earnings of $50,000. Required: Calculate Firm N's working capital and current ratio. Working Capital = Working Capital Current assets 1 Current liabilities Current Ratio Firm O has accounts receivable of $20,100, cash of $18,400, property, plant, and equipment of $340,000, merchandise inventory of $21,500, accounts payable of $31,300, other accrued liabilities of $18,700, common stock of $300,000, and retained earnings of $50,000. Required: Calculate Firm N's working capital and current ratio. Working Capital = Working Capital = Current Ratio Current Ratio Current assets Current liabilities
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