Question
MNOCorpreportedthefollowingfinancialinformationfortheyearendedDecember 31st, 2023: Cash:$50,000 Accountsreceivable:$100,000 Inventory:$150,000 Accountspayable:$80,000Calculate:a)Currentratio.b)Quickratio.c)Workingcapital. Operatingcashflow.
MNO Corp reported the following financial information for the year ended December 31st, 2023:
Cash: $50,000
Accounts receivable: $100,000
Inventory: $150,000
Accounts payable: $80,000 Calculate: a) Current ratio. b) Quick ratio. c) Working capital.
Operating cash flow.
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Survey of Accounting
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds, Frances McNair, Bor Yi Tsay
5th edition
1259631125, 978-1259631122
