Question
Given: The financial data below for MKBK Enterprises in 2012 need help on 3-5 Category Dollar Amount Cash $400,000 Accounts receivable 700,000 Inventories 840,000 Prepaid
Given: The financial data below for MKBK Enterprises in 2012
need help on 3-5
| Category | Dollar Amount |
| Cash | $400,000 |
| Accounts receivable | 700,000 |
| Inventories | 840,000 |
| Prepaid expenses | 24,000 |
| Accounts payable | 1,300,000 |
| Long-term liabilities | 360,000 |
- __________ Determine the working capital for the company.
A. $400,000 B. $280,000 C. $190,000 D. $640,000
4. ____________ Compute the current ratio from the financial data provided.
A. 0.97 B. 1.49 C.0.86 D. 1.17
- ____________ What is the acid-test ratio for the company in 2012?
A. 0.66 B. 0.88 C. 0.99 D. 0.85
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Practical Steps To Forensic Auditing And Fraud Investigation
Authors: Enape Victoria Ayishetu
1st Edition
1669867048, 978-1669867043
