Compute Chavez Company’s current ratio using the following information. Accounts receivable $18,000 Long-term notes payable . $21,000Accounts payable 11,000 Office supplies . 2,800Buildings . . . . . . . . . . . . . . . . . . . . . 45,000 Prepaid insurance 3,560Cash 7,000 Unearned services revenue . 3,000

Compute Chavez Company’s current ratio using the following information. Accounts receivable $18,000 Long-term notes payable . $21,000Accounts payable 11,000 Office supplies . 2,800Buildings . . . . . . . . . . . . . . . . . . . . . 45,000 Prepaid insurance 3,560Cash 7,000 Unearned services revenue . 3,000

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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