Question
The following information from the 12/31 balance sheet, listed in alphabetical order, regarding ANG Corporation: Accounts payable $25,000 Inventory $145,000 Accounts receivable 33,000 Land 320,000
The following information from the 12/31 balance sheet, listed in alphabetical order, regarding ANG Corporation:
| Accounts payable | $25,000 | Inventory | $145,000 |
| Accounts receivable | 33,000 | Land | 320,000 |
| Automobiles, net | 325,000 | Long-term investment | 450,000 |
| Bond payable | 1,000,000 | Notes payable, due 11 months | 125,000 |
| Buildings, net | 780,000 | Patents | 100,000 |
| Common stock | 500,000 | Payroll taxes payable | 3,500 |
| Cash | 75,000 | Prepaid expenses | 8,500 |
| Income tax payable | 36,000 | Retained earnings | 542,100 |
| Interest payable | 5,000 | Supplies | 100 |
19. $__________. How much are the current assets?
20. $__________. How much are the total assets?
21. $_________. How much are the current liabilities?
22. $_________. How much are the total liabilities?
23. $_________. How much is the total stockholders equity?
24. __.__ __ What is the current ratio, (round to two decimal places)?
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Contemporary Labor Economics
Authors: Campbell McConnell, Stanley Brue, David Macpherson
9th Edition
0073375950, 9780073375953
