Calculate Sunnyvale Corporation's current ratio using the following information: Cash: $45,000 Short-term investments: $30,000 • • Accounts receivable: $65,000 • Inventory: $85,000 • Supplies: $12,000 . . . Equipment: $220,000 Accounts payable: $55,000 Wages payable: $28,000 Taxes payable: $17,000 Mortgage payable: $180,000

Calculate Sunnyvale Corporation's current ratio using the following information: Cash: $45,000 Short-term investments: $30,000 • • Accounts receivable: $65,000 • Inventory: $85,000 • Supplies: $12,000 . . . Equipment: $220,000 Accounts payable: $55,000 Wages payable: $28,000 Taxes payable: $17,000 Mortgage payable: $180,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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