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We are being asked to compute percent of assets to cash. Same with variances. Same with supplies and equipment. Example what percent of assets is
We are being asked to compute percent of assets to cash. Same with variances. Same with supplies and equipment. Example what percent of assets is cash?
Balance SheetAs on April 30$$ASSETSLanscaping Equipment15,000Cash55,300Prepaid Insurance3,300Landscaping supplies300Accounts Receivable600Total Assets74,500Equity and LiabilitiesEquityCommon Stock50,000Retained Earnings20,750Total Equity70,750LiabilitiesAccounts Payable3,750Total Equity and Liabilities74,500
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