Question
The balance sheet of Jones Design Company contained the following items, among others: Cash 60,000 Accounts Receivable 82,000 Inventory 12,000 Building (net) 450,000 Other Assets
The balance sheet of Jones Design Company contained the following items, among others:
| Cash | 60,000 |
| Accounts Receivable | 82,000 |
| Inventory | 12,000 |
| Building (net) | 450,000 |
| Other Assets | 55,500 |
| Mortgage payable (due in 3 years) | 118,000 |
| Notes Payable (due in 6 months) | 38,000 |
| Accounts Payable | 19,000 |
| Capital Stock | 338,000 |
| Retained Earnings | 146,500 |
From the above information compute: (1) Current assets: $_______ (2) Current liabilities: $______ (3) The current ratio: ______ to 1 (4) Working capital: $______
(5) Quick ratio: ________to 1
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Business Statistics
Authors: Robert A Donnelly, Robert Donnelly Jr
2nd Edition
0133852288, 9780133852288
