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The following December 31, 2018, fiscal year-end account balance Information is avallable for the Stonebridge Corporation: Cash and cash equivalents Accounts receivable (net) Inventories Property,
The following December 31, 2018, fiscal year-end account balance Information is avallable for the Stonebridge Corporation: Cash and cash equivalents Accounts receivable (net) Inventories Property, plant, and equipment (net) Accounts payable Wages payable Paid-in-capital $6,78e 37,808 77,00e 285,99e 56,00e 17,880 185,99e The only asset not listed is short-term Investments. The only labllities not listed are a $47,000 note payable due in two years and related accrued Interest of $1,000 due In four months. The current ratio at year-end is 1.7:1. Required Determine the following at December 31, 2018: 1. Total current sssets 2. Short-term investments 3. Retained earnings
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