Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

stTes Exercise #4 : Anlins de los Estados Fin oras (10 PUNTOS **Presente todos sus caleulos para llegar al reanltzdo CADA UNO) Accounts payable Accounts

image text in transcribed

stTes Exercise #4 : Anlins de los Estados Fin oras (10 PUNTOS **Presente todos sus caleulos para llegar al reanltzdo CADA UNO) Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Irventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipmient Prepaid expenses 3 40,000 65,000 7,000 30,000 40,000 72,000 110,000 75,000 36,000 30,000 625,000 2,000 1. Based on the above data, what is the amount of quick assets? 2 $205,000 b. $203,000 c. 3131,000 d. 366,000 2. Based on the above data, what is the amount of working capital? 2. $238,000 b. 3128,000 c $168,000 d. 3203,000 3. Based on the above data, what is the quick ratio, rounded to one decimal point? 2. 2.1 b, 2.6 c. 1.1 d. 0.9

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions