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The following items were taken from the financial statements of M. Wright Company. (All dollars are in thousands) 1,000 Accumulated depreciation 5,500 500 Accounts payable

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The following items were taken from the financial statements of M. Wright Company. (All dollars are in thousands) 1,000 Accumulated depreciation 5,500 500 Accounts payable 1,500 Long-term debe Prepaid insurance Equipment Long-term investment 1000 11.500 Notes payable (after 2013) 500 Retained camings 11.500 Short term investment 2,000 4,000 Accounts receivable Cash Notes payable (in 2013) 500 2.500 Prepare a classified balance sheet in good form as of December 31, 2012 Q1) find the total current assets 4,000 b. 4,500, 9,000. d. 11,500. Q2) find the net equipment 11,500 b 6,000 5,500 d 13,000 Q3) Long term Assets 4,000 b. 500 1,000 4. 2.500 04) Total Assets 15.500 b 16,000 16,500 d 15,000 Q5) Total current liability: 1.500 b. 2,000 2,500 d. 3,000 Q6) Total long term liability 1,000 b1500 2,000 d 3,000 Q7) Total liability and shareholders equity 15,500 b. 16,000 16,500 d 15,000 Q8) Calculate the liquidity by using the working capital 27,500 b. 6,500 7,000 4. 8.000 Q9) Calculate the liquidity by using current ratio 0.22 b. 45 c. All above d. None above Q10) Calculate the (Solvency ratio) debe to total anets ratio 26% b10% c. 50% d. 40%

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