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Use the following to answer questions 19-24 The following information from the 12/31 balance sheet, listed in alphabetical order, regarding ANG Corporation: Accounts payable $30,000

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Use the following to answer questions 19-24 The following information from the 12/31 balance sheet, listed in alphabetical order, regarding ANG Corporation: Accounts payable $30,000 Inventory $241,000 Accounts receivable 45,000 Land 350,000 Automobiles, net 600,000 Long-term investment 250,000 Bond payable 1,000,000 Notes payable, due 11 months 100,000 Buildings, net 1,250,000 Patents 10,000 Common stock 650,000 Payroll taxes payable 6,000 Cash 40,000 Prepaid expenses 2,000 Income tax payable 12,000 Retained earnings 961,000 Interest payable 30,000 Supplies 1,000 How much are the current assets? 20. $ How much are the total assets? Chapter 8 Page 8-2 How much are the current liabilities? 22.5 How much are the total liabilities? 23.5 How much is the total stockholders' equity? 24. What is the current ratio, (round to two decimal places)

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