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The adjusted trial balance for Marigold at December 31, 2019, contains the following accounts. Debit Credit Buildings $128,100 Common Stock $93,550 Accounts Receivable 14,000 Retained

The adjusted trial balance for Marigold at December 31, 2019, contains the following accounts.

Debit

Credit

Buildings

$128,100

Common Stock

$93,550

Accounts Receivable

14,000

Retained Earnings

25,750

Prepaid Insurance

4,100

Accumulated DepreciationBuildings

43,100

Cash

19,600

Accounts Payable

11,600

Equipment

62,000

Notes Payable

96,100

Land

68,500

Accumulated DepreciationEquipment

17,400

Insurance Expense

500

Interest Payable

2,300

Depreciation Expense

6,600

Service Revenue

15,900

Interest Expense

2,300
$305,700

$279,950

Prepare a classified balance sheet; assume that $21,000 of the note payable will be paid in 2020.

By how much does current assets exceed current liabilities?

Current assets exceed current liabilities by $enter a dollar amount .

What percentage of current assets are in the form of cash? (Round answer to 2 decimal places, e.g. 15.25%.)

Percentage of current assets in the form of cash enter percentages rounded to 2 decimal places %.

Determine the company's liquidity.

Current assets exceed current liabilities by how much______

What percentage of current assets are in the form of cash? (Round answer to 2 decimal places, e.g. 15.25%.)

Percentage of current assets in the form of cash________%

Determine the company's liquidity_________

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