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Question 13 View Policies Current Attempt in Progress At December 31, 2019, Sandra Robinson Corporation reported current assets of $342.920 and current liabilities of $192,700.
Question 13 View Policies Current Attempt in Progress At December 31, 2019, Sandra Robinson Corporation reported current assets of $342.920 and current liabilities of $192,700. The following items may have been recorded incorrectly. 1. Goods purchased costing $21.660 were shipped fo.be shipping point by a supplier on December 28. Robinson received and recorded the invoice on December 29,2019, but the goods were not included in Robinson's physical count of inventory because they were not received until January 4, 2020 2. Goods purchased costing $15.240 were shipped fo.b. destination by a supplier on December 26. Robinson received and recorded the invoice on December 31, but the goods were not included in Robinson's 2019 physical count of inventory because they were not received until January 2, 2020 3. Goods held on consignment from Claudia Kishi Company were included in Robinson's December 31, 2019. physical count of inventory at $12.670. 4. Freight-in of $3,130 was debited to advertising expense on December 28, 2019. Compute the current ratio based on Robinson's balance sheet. (Round ratio to 2 decimal places, es 231:1) The current ratio eTextbook and Media Recompute the current ratio after corrections are made. Round ratio to 2 decimal places.es 2.31-1) The current ratio eTextbook and Media By what amount will income (before taxes) be adjusted up or down as a result of the corrections? Assume that goods are sold in item #4. Adjust Income e Textbook and Media Save for Later Attempts: 0 of 5 used Submit Answer Your grade has been recorded in the Gradebook. 05 22 annan
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