Data pertaining to the current position of company are as follows: Cash $ 800,000 Marketable securities 550,000 Accounts and notes receivable (net) 850,000 Inventories 700,000 Prepaid expenses 300,000 Accounts payable 1,200,000 Notes payable (short-term) 700,000 Accrued expenses 100,000 Compute: (a) the working capital, (b) the current ratio (c) the quick ratio
Data pertaining to the current position of company are as follows: Cash $ 800,000 Marketable securities 550,000 Accounts and notes receivable (net) 850,000 Inventories 700,000 Prepaid expenses 300,000 Accounts payable 1,200,000 Notes payable (short-term) 700,000 Accrued expenses 100,000 Compute: (a) the working capital, (b) the current ratio (c) the quick ratio
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Data pertaining to the current position of company are as follows:
Cash $ 800,000
Marketable securities 550,000
Accounts and notes receivable (net) 850,000
Inventories 700,000
Prepaid expenses 300,000
Accounts payable 1,200,000
Notes payable (short-term) 700,000
Accrued expenses 100,000
Compute:
(a) the
(b) the
(c) the quick ratio
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