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Mayfield Company has the following information available: Accounts payable $108,000 Intangible assets $180,000 Accounts receivable 90,000 Inventory 210,000 Accumulated depreciation 150,000 Mortgage payable 330,000 Cash
Mayfield Company has the following information available:
Accounts payable | $108,000 | Intangible assets | $180,000 |
Accounts receivable | 90,000 | Inventory | 210,000 |
Accumulated depreciation | 150,000 | Mortgage payable | 330,000 |
Cash | 60,000 | Retained earnings | ? |
Common stock | 192,000 | Salaries payable | 42,000 |
Equipment | 420,000 | Supplies | 30,000 |
Compute each of the following, showing calculations for partial credit.
1. Total current assets
2. Total noncurrent (long-term) assets
3. Total current liabilities
4. Retained earnings amount
5. Current ratio
6. Debt to total assets ratio
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