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Question 4 --/3 View Policies Current Attempt in Progress Selected financial information for Blossom as at December 31, 2021, follows: Accounts payable $209,000 Lar 200,000
Question 4 --/3 View Policies Current Attempt in Progress Selected financial information for Blossom as at December 31, 2021, follows: Accounts payable $209,000 Lar 200,000 Lic Accounts receivable Accumulated depreciation-building 78,000 Lor 255,000 Mo Building Cash 15,500 No Goodwill 37,000 Pre Interest payable 16,000 Sal 95,000 Sur J. Chrowder, capital Additional information: 1. All accounts have normal balances. 2. $17,000 of the mortgage payable will be paid before Question 4 --/3 View Policies Current Attempt in Progress Selected financial information for Blossom as at December 31, 2021, follows: $209,000 Land $107.000 200,000 Licences 59.000 78,000 Long-term equity investments 44.000 255,000 Mortgage payable 226,000 15,500 Notes payable 55,000 37,000 Prepaid expenses 7,500 16,000 Salaries payable 29,500 95,000 Supplies 11,000 Unearned revenue 27,500 Additional information: 1. All accounts have normal balances. 2 17 000 of the mortgage payable will be paid before Prepare a classified balance sheet. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.) BLOSSOM Balance Sheet December 31, 2021 Assets e Textbook and Media Calculate working capital, the current ratio, and the acid-test ratio. (Round current ratio and acid-test ratio answers to 2 decimal places, e.g. 1.75:1. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Working capital Current ratio Acid-test ratio e Textbook and Media Identify the company's liquidity. The company's liquidity is e Textbook and Media
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