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Use the following data to calculate the current ratio. Marigold Corp. Balance Sheet December 31, 2017 Cash $189000 Accounts payable $207000 Accounts receivable 152000 Salaries
Use the following data to calculate the current ratio.
| Marigold Corp. | |||||
| Balance Sheet | |||||
| December 31, 2017 | |||||
| Cash | $189000 | Accounts payable | $207000 | ||
| Accounts receivable | 152000 | Salaries and wages payable | 30000 | ||
| Inventory | 167000 | Mortgage payable | 247500 | ||
| Prepaid insurance | 85800 | Total liabilities | $484500 | ||
| Stock investments | 264000 | ||||
| Land | 259000 | ||||
| Buildings | $314000 | Common stock | $372300 | ||
| Less: Accumulated depreciation | (56000) | 258000 | Retained earnings | 726000 | |
| Trademarks | 208000 | Total stockholders' equity | $1098300 | ||
| Total assets | $1582800 | Total liabilities and stockholders' equity | $1582800 | ||
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Database Audit And Protection
Authors: Gerardus Blokdyk
3rd Edition
0655407499, 978-0655407492
