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Just really need some help with this please! I will rate! Many thanks and God bless!!! S15-12 (similar to) Question Help Olten Mills's balance sheet
Just really need some help with this please!
I will rate!
Many thanks and God bless!!!
S15-12 (similar to) Question Help Olten Mills's balance sheet appears as follows (amounts in thousands): E: (Click the icon to view the balance sheet.) Use the following ratio data to complete Olten Mills's balance sheet. a. Current ratio is 0.74. b. Acid-test ratio is 0.42. (Enter amounts in thousands as provided in the problem statement.) Olten Mills Balance Sheet December 31, 2018 (in thousands) - X Balance Sheets Assets Liabilities Cash $ $ 2.200 Accounts Receivables 60 Total Current Liabilities Long-term Note Payable 700 Other Long-term Liabilities Olten Mills Merchandise Inventory 720 Balance Sheet Total Liabilities December 31, 2018 Prepaid Expenses Total Current Assets Assets Liabilities Plant Assets, Net Stockholders' Equity Cash $ 60 Total Current Liabilities $ 2.200 Other Assets 2,625 Accounts Receivables (a) Long-term Note Payable 2,450 Stockholders' Equity 7,400 Total Liabilities and Stockholders' Equity (e) 720 Total Assets Merchandise Inventory 700 Other Long-term Liabilities Prepaid Expenses (b) Total Liabilities (1) Total Current Assets Plant Assets, Net (c) (d) Stockholders' Equity 2,450 Stockholders' Equity 7,400 Total Liabilities and Stockholders' Equity 2,625 Other Assets $ $ (g) Total Assets Print Done Enter any number in the edit fields and then click Check Answer. All parts showing Clear All CheckStep by Step Solution
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