Question
Use the following data to calculate the current ratio. Wildhorse Co. Balance Sheet December 31, 2022 Cash and cash equivalents $69000 Accounts payable $125500 Accounts
Use the following data to calculate the current ratio. Wildhorse Co. Balance Sheet December 31, 2022 Cash and cash equivalents $69000 Accounts payable $125500 Accounts receivable 95500 Salaries and wages payable 19500 Inventory 135500 Bonds payable 157000 Prepaid insurance 83500 Total liabilities $302000 Stock investments 187000 Land 190000 Buildings $207500 Common stock $187500 Less: Accumulated depreciation (65500) 142000 Retained earnings 515000 Trademarks 102000 Total stockholders' equity $702500 Total assets $1004500 Total liabilities and stockholders' equity $1004500
a)3.04 : 1
b)2.64 : 1
c)2.11 : 1
d)1.71 : 1
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