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Use the information in the adjusted trial balance presented below to calculate the current ratio for Taron Company: Account Title Debit Credit Cash $ 47,000
Use the information in the adjusted trial balance presented below to calculate the current ratio for Taron Company:
Account Title | Debit | Credit |
---|---|---|
Cash | $ 47,000 | |
Accounts receivable | 24,000 | |
Prepaid insurance | 9,800 | |
Equipment | 180,000 | |
Accumulated depreciationEquipment | $ 90,000 | |
Land | 103,000 | |
Accounts payable | 25,000 | |
Interest payable | 4,400 | |
Unearned revenue | 7,400 | |
Long-term notes payable | 54,000 | |
Z. Taron, Capital | 183,000 | |
Totals | $ 363,800 | $ 363,800 |
1.93. | ||
2.80. | ||
2.20. | ||
2.10. | ||
0.46. |
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