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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 $20,000
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 $20,000 Inventory $180,000 Accounts receivable 25,000 Land 250,000 Automobiles, net 300,000 Long-term investment 150,000 Bond payable 1,000,000 Notes payable, due 11 months 10,000 Buildings, net 1,250,000 Patents 12,000 Common stock 500,000 Payroll taxes payable 1,000 Cash 15,000 Prepaid expenses 2,000 Income tax payable 35,000 Retained earnings 616,000 Interest payable 3,000 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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