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Please Show All Work Involved! Thank You! The followlng December 31, 2018, fiscal year-end account balance information is avallable for the Stonebridge Corporation: Cash and
Please Show All Work Involved! Thank You!
The followlng December 31, 2018, fiscal year-end account balance information is avallable for the Stonebridge Corporation: Cash and cash equivalents Accounts receivable (net) Inventories Property, plant, and equipment (net) Accounts payable Wages payable Paid-in-capital $ 6,9e8 39,888 79,888 215,888 58,888 19,888 195,888 The only asset not listed is short-term Investments. The only liabilities not listed are a $49,000 note payable due In two years and related accrued Interest of $1,000 due In four months. The current ratio at year-end is 1.7:1 Required: Determine the following at December 31, 2018: 1. Total current assets 2. Short-term investments 3. Retained earningsStep by Step Solution
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