Question
The classified balance sheet for a company reported current assets of $1,299,200, total liabilities of $805,540, Common Stock of $1,060,000, and Retained Earnings of $136,260.
The classified balance sheet for a company reported current assets of $1,299,200, total liabilities of $805,540, Common Stock of $1,060,000, and Retained Earnings of $136,260. The current ratio was 2. What is the total amount of noncurrent assets?
a) $702,600
b)$649,600
c)$493,660
d)$102,940
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Auditing
Authors: Alan Millichamp, John Taylor
12th Edition
1473778999, 9781473778993
