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Need working captial, current ratio, and acid-test ratio. Also need increase, decrease or none for all the drop down boxes. Thank you!! Denna Company's working
Need working captial, current ratio, and acid-test ratio. Also need increase, decrease or none for all the drop down boxes. Thank you!!
Denna Company's working capital accounts at the beginning of the year follow Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses Accounts payable Notes due within one year Accrued liabilities $ 72,000 $ 25,000 S 354,800 $ 465,200 $ 9,400 S 203,600 $ 104,000 $ 61,800 During the year, Denna Company completed the following transactions X. Paid a cash dividend previously declared, $32,000 a. Issued additional shares of common stock for cash, $204,000 b. Sold inventory costing $71,600 for $102,000, on account. C. Wrote off uncollectible accounts in the amount of $10,800, reducing the accounts receivable balance accordingly d. Declared a cash dividend, $32,000 e. Paid accounts payable, $103,200 f. Borrowed cash on a short-term note with the bank, $63,000 g. Sold inventory costing $15,630 for $10,420 cash h. Purchased inventory on account, $51,500 i. Paid off all short-term notes due, $167,000 j. Purchased equipment for cash, $76,600 k. Sold marketable securities costing $15,000 for cash, $12,500 l. Collected cash on accounts receivable, $82,200Step by Step Solution
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