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what is the projected current ratio for the hotel as of dec 31, 2008 and 2019? why are the ratios favorable? The Resort as of
what is the projected current ratio for the hotel as of dec 31, 2008 and 2019? why are the ratios favorable?
The Resort as of December 31, 2018 and 2019 2018 2019 Cash $7,000 $12,980 Accounts Receivable 10.000 Marketable Securities 3,000 8,000 Inventory Prepaid Rent 12,000 3,000 9,500 8,500 45,980 10,000 Total Current Assets 38.000 Furniture, Fixtures & Equipment (FF&E) Accumulated Depreciation Building Long term Investments Long Term Assets 20,000 (3.000) 20,000 30,000 20,000 (5,000) 20,000 45,000 67,000 80,000 $105,000 $125,980 Total Assets $14,000 $12.460 Accounts Payable Accrued Payroll Accrued Taxes 9,450 8,000 8,560 6,980 27,440 Total Current Liabilities 32,010 12.500 Long Term Debt 20,000 29,860 Owner's Equity Retained Earnings Total Owner's Equity 30,490 30,000 48,680 60,490 78,540 Total Liabilities and Owner's Equity $105.000 $125,980 Step by Step Solution
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