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Use the following to answer questions 19 - 24 The following balance sheet items, listed in alphabetical order, are available from the records of AHY
Use the following to answer questions 19 - 24 The following balance sheet items, listed in alphabetical order, are available from the records of AHY Corporation at December 31, 20XC: Accounts payable $25,200 Inventory $458,000 Accounts receivable 42,900 Land 420,000 Automobiles, net 254,000 Long-term investment 275,000 Bond payable 1,500,000 Notes payable, due 11 months 75,000 Buildings, net 980,000 Patents 35,000 Common stock 450,000 Payroll taxes payable 12,000 Cash 34,000 Prepaid expenses 8,000 Income tax payable 31,500 Retained earnings 369,200 Interest payable 45,000 Supplies 1,000 19. $. How much are the current assets? 20. $ How much are the total assets? 21. $ How much are the current liabilities? 22. $. How much are the total liabilities? 23. $. How much is the total stockholders' equity? 24. What is the current ratio, (round to two decimal places)?|
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