Question
Please help me solve this problem RE 4-4 in Excel. RE4-4 Based on the information in RE4-2 and RE4-3, calculate Dorothy Corporations working capital and
Please help me solve this problem RE 4-4 in Excel.
RE4-4 Based on the information in RE4-2 and RE4-3, calculate Dorothy Corporations working capital and current ratio.
RE4-2 Dorothy Corporation had the following accounts in its year-end adjusted trial balance: Inventories, $23,600; Accounts Receivable, $7,600; Accounts Payable, $7,200; Prepaid Rent, $2,400; Marketable Securities, $3,000; Allowance for Doubtful Accounts, $1,100; and Cash, $1,500. Prepare the current assets section of Dorothys year-end balance sheet.
RE4-3 Dorothy Corporation had the following accounts in its year-end adjusted trial balance: Accounts Payable, $7,200; Salaries Payable, $5,800; Income Taxes Payable, $4,000; Short-Term Notes Payable, $2,500; Dividends Payable, $750; Investment in Held-to-Maturity Bonds, $2,750; and Allowance for Doubtful Accounts, $1,100. Prepare the current liabilities section of Dorothys balance sheet.
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