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Our company has the following amounts at the end of the fiscal year: CR DR 225,000 700,000 Assets - Current Assets -non current Common stock
Our company has the following amounts at the end of the fiscal year: CR DR 225,000 700,000 Assets - Current Assets -non current Common stock Liabilities - Current Liabilities - Long term Retained earnings 50,000 150,000 600,000 125,000 Totals 925,000 925,000 What is the amount of the current ratio? What is the amount of the working capital? In the following year, the company had net income of $14,000 and declared a cash dividend of $3,000. What is the balance of retained earnings at the end of the following year
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