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Two Company Comparison CONSOLIDATED BALANCE SHEETS Fiscal Year-End -20xx Fiscal Year - 20xx Company A Company B ASSETS Current assets: Cash $146,999 $150,901 Accounts Receivable
| Two Company Comparison | ||
| CONSOLIDATED BALANCE SHEETS | ||
| Fiscal Year-End -20xx | ||
| Fiscal Year - 20xx | ||
| Company A | Company B | |
| ASSETS | ||
| Current assets: | ||
| Cash | $146,999 | $150,901 |
| Accounts Receivable | $79,142 | $72,823 |
| Inventory | $171,670 | $114,388 |
| Prepaid insurance | $60,558 | $91,669 |
| Prepaid rent | $184,376 | $64,594 |
| Other | $116,660 | $114,045 |
| Total Current Assets | ||
| Non-Current Assets | ||
| Land | $122,662 | $135,749 |
| Equipment | $137,542 | $193,647 |
| Notes receivable | $59,880 | $52,883 |
| Total Assets | ||
| Liabilities | ||
| Current Liabilities | ||
| Accounts payable | $187,722 | $74,259 |
| Accrued payroll and benefits | $126,720 | $191,262 |
| Other | $116,660 | $114,045 |
| Total Current Liabilities | ||
| Non-Current Liabilities | ||
| Long Term debt | $177,434 | $75,718 |
| Other Long Term debt | $189,155 | $167,271 |
| Total Non-Current Liabilities | ||
| Shareholders Equity | ||
| Common Shares | ||
| Total Shareholders Equity | ||
| Liabilities & Sharehoders`Equity | ||
Find the Quick Acid Test Ratio for Company B.
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
