Balance sheet 2018 201구 2016 cash cash. Short term inestments net recievables inventory prepaid expenses total current assets accounts payable total current liabilities i38,000 65,000 91,000 15,000 79,000 97,000 21,000 82,000 76,000 65,000 62,000 13,000 269,000 35,000 10,000 280,000 S SI000 98,000 INCOME STATEMENT 492,000 net credit sales SOs,000 290,000 275,000

Balance sheet 2018 201구 2016 cash cash. Short term inestments net recievables inventory prepaid expenses total current assets accounts payable total current liabilities i38,000 65,000 91,000 15,000 79,000 97,000 21,000 82,000 76,000 65,000 62,000 13,000 269,000 35,000 10,000 280,000 S SI000 98,000 INCOME STATEMENT 492,000 net credit sales SOs,000 290,000 275,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

5 please find current ratio based on data below for 2017 Current assets/Current liabilities = current ratio Write down numbers used

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2018
201구
2016
Balance sheet
cash.
91,000
cash
short term incestments
net recievables
inventory
prepaid expenses
total cuirent assets
accounts payable
total current liabilities
65,000
15,000
79,000
97,000
13,000
269,000
21,000
82,000
76,000
65,000
62,000
10,000
280,000
S SI000
98,000
35,000
138,000
SOS,000
290,000
INCOME STATEMENT 492,000
net credit sales
275,000

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