Mini-Exercise 3-8 (Static) Calculate working capital and current ratio LO 3-6\ Firm

Q

has short-term debt of

$14,000

, land of

$85,000

, merchandise inventory of

$31,000

, cash of

$9,000

, property, plant, and equipment of

$330,000

, accounts payable of

$16,000

, long-term debt of

$60,000

, accounts receivable of 17,000 , common stock of

$300,000

, and retained earnings of

$82,000

.\ Required:\ Calculate Firm Q's working capital and current ratio.

Mini-Exercise 3-8 (Static) Calculate working capital and current ratio LO 3-6 -irm Q has short-term debt of $14,000, land of $85,000, merchandise inventory of $31,000, cash of $9,000, property, plant, and equipment of $330,000, accounts payable of $16,000, long-term debt of $60,000, accounts receivable of 17,000 , common stock of 300,000 , and retained earnings of $82,000. equired: Calculate Firm Q's working capital and current ratio