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having trouble on these Homework questions Use the following data to determine the total dollar amount of assets to be classified as current assets. Cheyenne
having trouble on these Homework questions Use the following data to determine the total dollar amount of assets to be classified as current assets. Cheyenne Corp. Balance Sheet December 31, 2022 $73000 Accounts payable Salaries and wages payable Bonds payable Total liabilities 95500 136500 89500 186000 199500 Cash and cash equivalents Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation Trademarks Total assets $129000 15800 163500 $308300 $200500 (74500) 126000 132500 Common stock Retained earnings Total stockholders equity Total liabilities and stockholders' equity $212200 518000 $730200 $1038500 $1038500 $394500 $308300 $258000 $580500 Using the following balance sheet and income statement data, what is the current ratio? Current assets Current liabilities Average assets Total assets $28500 14600 161900 130000 Net income Stockholders' equity Total liabilities $43400 76600 41700 Average common shares outstanding was 14800. O 2.7 : 1 0 2.0:1 O 0.5 : 1 O 3.0:1 In a recent year, Founder Corp. had net income of $157000, Interest expense of $31500, and income tax expense of $41700. What was Flounder Corp.'s times interest earned for the year? O 5.98 4.98 O 6.31 07.31
having trouble on these Homework questions
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