Question
The following December 31, 2018, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents $ 6,700 Accounts receivable (net)
The following December 31, 2018, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents $ 6,700 Accounts receivable (net) 37,000 Inventories 77,000 Property, plant, and equipment (net) 205,000 Accounts payable 56,000 Wages payable 17,000 Paid-in-capital 185,000 The only asset not listed is short-term investments. The only liabilities 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.
I can't figure out the retained earnings??
Return to question The following December 31, 2018, fiscal year-end account balance information is available for the Stonebridge Corporation Cash and cash equivalents Accounts receivable (net) Inventories Property, plant, and equipment (net) Accounts payable Wages payable Paid-in-capital 6,700 37,000 77,000 205, 000 56,000 17,000 185,000 The only asset not listed is short-term investments. The only liabilities 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: Answer is complete but not entirely correct. Total current assets Short-term investments Retained earnings $ 125,800 5,100 21,800
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