Question
Requirement 6. Compute the company's cument ratio at December 31, 2016. At December 31, 2015, the current ratio was 1.8. Did the company's ability to
Requirement 6. Compute the company's cument ratio at December 31, 2016. At December 31, 2015, the current ratio was 1.8. Did the company's ability to pay debts improve or deteriorate, or did it remain the same? Select the labels then enter the amounts and compute the current ratio. (Round your answer to two decimal places.) = Current ratio Since the current ratio was 1.8 one year ago, Blume's ability to pay its current liabilities has Choose from any list or enter any number in the input fields and then continue to the next question. Blume Irrigation System Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $ 49,710 Accounts Receivable 47,500 Office Supplies 3,790 Prepaid Insurance 4,600 Equipment 28,000 Accumulated Depreciation Equipment $ 6,500 Building 56,100 Accumulated Depreciation-Building Accounts Payable Interest Payable Salaries Payable Unearned Revenue Notes Payable (long-tarm) Blume, Capital Blume, Withdrawals Service Revenue 25,000 42,000 1,200 3,500 1,300 30,100 30,000 2,500 75,800 Insurance Expense Salaries Expense Supplies Expense 800 15,700 1,600 Interest Expense 1,200 Depreciation Expense-Equipment 2,000 1,900 Depreciation Expense-Building $ 216,400 $ 216,400 Total
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