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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 $18,000
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 $18,000 Inventory $375,000 Accounts receivable 25,000 Land 350,000 Automobiles, net 356,200 Long-term investment 225,000 Bond payable 2,500,000 Notes payable, due 11 months 150,000 Buildings, net 3,000,000 Patents 12,000 Common stock 750,000 Payroll taxes payable 6,200 Cash 36,000 Prepaid expenses 20,000 Income tax payable 15,000 Retained earnings 911,000 Interest payable 50,000 Supplies 1,000 19.$ How much are the current assets? 20. $ How much are the total assets? 21.9 How much are the current liabilities? 22.5 How much are the total liabilities? 23. $ How much is the total stockholders' equity? What is the current ratio, (round to two decimal places)? 24
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