Cash60,000Accounts receivable85,000Inventory130,000Prepaid insuranceLong-term Assets20,000750,000Accounts payable120,000Notes payable, due in 8 months50,000Wages payableLong-term liabilitiesStockholder's equity70,000420,000385,000How much is the working capital? Answer format: 123,456 *Your answerWhat is the current ratio? Answer format: 1.23:1 *Your answerWhat is the quick ratio? Answer format: 1.23:1 *Your answer

Name: Cash60,000Accounts receivable85,000Inventory130,000Prepaid insuranceL
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Description: Cash60,000Accounts receivable85,000Inventory130,000Prepaid insuranceLong-term Assets20,000750,000Accounts payable120,000Notes payable, due in 8 months50,000Wages payableLong-term liabilitiesStockholder's equity70,000420,000385,000How much is the wor

Ratio analysis means where different ratio of various years of years companies has been compared and…

Business

Accounting

Cash 60,000 Accounts receivable 85,000 Inventory 130,000 Prepaid insurance Long-term Assets 20,000 750,000 Accounts payable 120,000 Notes payable, due in 8 months 50,000 Wages payable 70,000 Long-term liabilities Stockholder's equity 420,000 385,000 How much is the working capital? Answer format: 123,456 * Your answer What is the current ratio? Answer format: 1.23:1 * Your answer What is the quick ratio? Answer format: 1.23:1 * Your answer

Cash 60,000 Accounts receivable 85,000 Inventory 130,000 Prepaid insurance Long-term Assets 20,000 750,000 Accounts payable 120,000 Notes payable, due in 8 months 50,000 Wages payable 70,000 Long-term liabilities Stockholder's equity 420,000 385,000 How much is the working capital? Answer format: 123,456 * Your answer What is the current ratio? Answer format: 1.23:1 * Your answer What is the quick ratio? Answer format: 1.23:1 * Your answer

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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