Syllabus Q stark state X Chapter 11 Homework i 3.75 points eBook https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fblackboard Print References Mc Graw Hill Mini-Exercise 11-1 (Algo) Calculate liquidity measures Stark State X Type here to search The following amounts were reported on the December 31, 2019, balance sheet: Cash Accounts receivable Common stock Wages payable Retained earnings Land Accounts payable Bonds payable Merchandise inventory Buildings and equipment, net of accumulated depreciation a. b. C. Courses X Muestion 1 X Q Identify the X Working capital Current ratio Acid-test ratio Required: a. Calculate working capital at December 31, 2019. b. Calculate the current ratio at December 31, 2019. (Round your answer to 1 decimal place.) c. Calculate the acid-test ratio at December 31, 2019. (Round your answer to 1 decimal place.) II 182,160 4.4 2.7 $ 30,000 82,500 150,000 18,750 300,000 75,000 22,650 440,760 69,660 * 675,000 Saved Prev smartbook X 1 of 4 Next >

Mini-Exercise 11-1 (Algo) Calculate liquidity measures The following amounts were reported on the December 31, 2019, balance sheet: Required: a. Calculate working capltal at December 31, 2019. b. Calculate the current ratio at December 31, 2019. (Round your answer to 1 decimal place.) c. Calculate the acid-test ratio at December 31, 2019. (Round your answer to 1 decimal place.) Mini-Exercise 11-1 (Algo) Calculate liquidity measures The following amounts were reported on the December 31, 2019, balance sheet: Required: a. Calculate working capltal at December 31, 2019. b. Calculate the current ratio at December 31, 2019. (Round your answer to 1 decimal place.) c. Calculate the acid-test ratio at December 31, 2019. (Round your answer to 1 decimal place.)