Question
The classified balance sheet for a company reported current assets of $1,753,812, total liabilities of $801,540, common stock of $1,020,000, and retained earnings of $132,260.
The classified balance sheet for a company reported current assets of $1,753,812, total liabilities of $801,540, common stock of $1,020,000, and retained earnings of $132,260. The current ratio was 2.7. |
What is the total amount of noncurrent assets?
$199,988
$952,272
$601,552
$649,560
What is the total amount of current liabilities?
$199,988
$649,560
$801,540
$952,272
Which of the following statements is not correct? |
Noncurrent liabilities are $132,260.
Total Stockholders equity is $1,152,260.
Total Assets are $1,953,800.
The amount of current assets is 2.7 times the amount of current liabilities.
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