Question
The following information is provided for a company. Accounts payable Buildings Cash $36,000 $192,000 $25,200 Accounts receivable $22,800 Salaries payable $10,800 Retained earnings $114,000
The following information is provided for a company. Accounts payable Buildings Cash $36,000 $192,000 $25,200 Accounts receivable $22,800 Salaries payable $10,800 Retained earnings $114,000 Supplies $96,000 Notes payable (due in 18 months) $84,000 Interest payable Common stock $14,400 $84,000 What is the current ratio, assuming the accounts above reflect normal activity?
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
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