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Question 1 Not complete Marked out of 3.00 P Flag question Accrued Interest Payable Compute the interest accrued on each of the following notes payable
Question 1 Not complete Marked out of 3.00 P Flag question Accrued Interest Payable Compute the interest accrued on each of the following notes payable owed by Galloway, Inc, on December 31: Use 360 days for calculations and round the nearest dollar Lender Date of Note Principal Interest Rate (%) Term Barton December 04 515,000 1296 120 days Lawson December 13 17,000 9% 90 days Riley December 19 200,000 10% 60 days Lender Accrued Interest Bartons 0 Lawson Riley 0 Check Question 3 Not complete Mark 0.00 out of 3.00 P Flag question Ratio Analysis Presented below are summary financial data from the Jackson Co. annual report: Amounts in millions Balance Sheet Cash and Cash Equivalents $2,420 Marketable Securities 16,830 Accounts Receivable (net) 11,000 Total Current Assets 46,200 Total Assets 170,500 Current Liabilities 31,800 Long-Term Debt 52,250 Shareholders' Equity 87,450 Income Statement Interest Expense 3,620 Net Income Before Taxes 40,480 Calculate the following ratios: (Round to 2 decimal points) a. Times-interest-earned ratio 0 X b. Quick ratio 0 X c. Current ratio 0 X Check
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