Question
Watkins Inc. has the following assets at the end of Year One: Cash, $400; Inventory, $730; Prepaid Rent, $460; Equipment (net book value), $4,000. Watkins
Watkins Inc. has the following assets at the end of Year One:
Cash, $400; Inventory, $730; Prepaid Rent, $460; Equipment (net book value), $4,000.
Watkins also has the following liabilities at the end of Year One:
Accounts Payable, $560; Rent Payable, $200; Note Payable, due on June 1, Year Four, $3,500.
At the end of Year One, what is Watkinss current ratio?
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The ABCs Of Getting Out Of Debt Turn Bad Debt Into Good Debt And Bad Credit Into Good Credit
Authors: Garrett Sutton
2nd Edition
9781937832070, 978-1937832070
