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Use the following data to calculate the current ratio. 1.44 : 1 2.86 : 1 2.50 : 1 I apologize, the image would not attach
Use the following data to calculate the current ratio.
1.44 : 1 | ||
2.86 : 1 | ||
2.50 : 1 |
I apologize, the image would not attach :(
Koonce Office Supplies Balance Sheet December 31, 2017 Accounts payable Salaries and wages payable Mortgage payable Total liabilities $ 210.000 30.000 240.000 $480,000 Cash $ 195.000 Accounts receivable 150.000 Inventory 165,000 Prepaid insurance 90,000 Stock investments 255,000 Land 270.000 Buildings $315.000 Less: Accumulated depreciation (60,000) 275,000 Trademarks 210,000 Total assets $1.590.000 Common stock Retained eamings Total stockholders' equity Total liabilities and stockholders' equity $360.000 750.000 $1,110,000 $1.590.000Step by Step Solution
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