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Given the following data: Cash Retained earnings Account payable Wages payable Bond payable Mortgage payable Invest capital Account receivable Inventories Fixed assets, net $
Given the following data: Cash Retained earnings Account payable Wages payable Bond payable Mortgage payable Invest capital Account receivable Inventories Fixed assets, net $ 2019 300,000 ? 7,000 10,000 40,000 60,000 500,000 37,500 55,000 165,000 $ 2018 340,000 ? 5,000 30,000 100,000 300,000 600,000 118,000 87,000 320,000 Required a. Rearrange these data into classified balance sheets. b. Find the missing Retained Earnings amounts necessary to balance each balance sheet. c. Evaluate the firm's liquidity, using the ratios described in this chapter. d. Calculate the firm's asset management and debt management ratios. Evaluate the results.
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A The Classified balance sheet for the tow years as follows ASSETS YEAR 1 YEAR 2 Current Assets Cash 300000 340000 Accounts Receivable 37500 118000 In...Get Instant Access to Expert-Tailored Solutions
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