Question
Using the following data from a partial balance sheet that Mr. Niles has provided to you, being sure to show all calculations and clearly labeling
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Using the following data from a partial balance sheet that Mr. Niles has provided to you, being sure to show all calculations and clearly labeling your answers:
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Calculate working capital
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Calculate current ratio
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Calculate quick ratio
Using the following data from a partial balance sheet that Mr. Niles has provided to you, being sure to show all calculations and clearly labeling your answers:
Calculate working capital
Calculate current ratio
Calculate quick ratio
| Cash | $8,041 |
| Short-term investments | 4,947 |
| Accounts receivable | 12,545 |
| Inventories | 14,814 |
| Other current assets | 5,471 |
| Total current assets | $45,918 |
| Total current liabilities | $40,644 |
In reviewing the results of the above financial ratios, do you have any concerns? Why or why not?
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
3rd edition
978-0077639730
