Use the following information to compute the current ratio: Accounts Payable . . . . . .
Question:
Accounts Payable . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,100
Paid-In Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,750
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 400
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000
Accrued Wages Payable . . . . . . . . . . . . . . . . . . . . . 250
Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,000
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Current assets Cash 400 Inventory 4000 Total curre...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-0324312140
16th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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