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I'm having trouble solvibg this auestuon if you could help me out, i would appreciate it! *solving this question UTCH Pharoah Company reports the following
I'm having trouble solvibg this auestuon if you could help me out, i would appreciate it!
*solving this question
UTCH Pharoah Company reports the following account balances at December 31, 2022: $ 7,100 Accounts payable Accounts receivable Cash 5,000 6,900 Intangible assets 23,200 Inventory 37,600 Long-term investments 20,500 Long-term liabilities 105,000 Short-term investments 4,000 Notes payable (short-term) 16,300 Property, plant, and equipment 230,000 Prepaid insurance 2,660 Salaries and wages payable 3,600 Land held for future use 72,000 Intangible assets 23,200 Inventory 37.600 Long-term investments 20,500 105,000 4,000 16,300 Long-term liabilities Short-term investments Notes payable (short-term) Property, plant, and equipment Prepaid insurance Salaries and wages payable Land held for future use 230,000 2,660 3,600 72,000 Compute the company's (a) working capital and (b) current ratio. (Round current ratio to 2 decimal places, eg. 1.55:1.) (a) Working capital $ (b) Current ratio :1 Step by Step Solution
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