In alphabetical order below are current asset items for Roland Company’s balance sheet at December 31, 2020. Accounts receivable $ 200,000 Cash 62,000 Finished goods 91,000 Prepaid expenses 38,000 Raw materials 83,000 Work in process 87,000 Prepare the current assets section. (List Current Assets in order of liquidity.)
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In alphabetical order below are current asset items for Roland Company’s
$ 200,000 | ||
Cash | 62,000 | |
Finished goods | 91,000 | |
Prepaid expenses | 38,000 | |
Raw materials | 83,000 | |
Work in process | 87,000 |
Prepare the current assets section. (List Current Assets in order of liquidity.)
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- Suppose the following items were taken from the December 31, 2025, assets section of the Boeing Company balance sheet. (All dollars are in millions.) Inventory Notes receivable-due after December 31, 2026 Notes receivable-due before December 31, 2026 Accumulated depreciation-buildings eTextbook and Media List of Accounts Save for Later TS V $16,140 > 5,530 345 12,530 Patents Buildings Cash Prepare the assets section of a classified balance sheet. (List the Current Assets in order of liquidity. Enter amounts in millions) Accounts receivable Debt investments (short-term) BOEING COMPANY Partial Balance Sheet (in millions) Assets $13,040 20,700 $ 7.900 5,590 1,590 Assistance Used Attempts: 0 of 3 used Submit AnswerThe table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022, while the income statement items correspond to revenues or expenses during the year ending in either 2021 or 2022. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes Accounts payable Accounts receivable 2021 $ 4.500 1,900 600 290 540 130 420 280 440 Price 5,300 1.800 856 440 850 per share 2022 $ 4.600 2,000 620 350 590 Net fixed assets Long-tern debt Notes payable Dividends paid Cash and marketable securities *Taxes are paid in their entirety in the year that the tax obligation is incurred. 130 440 320 510 6. 190 *Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Suppose that the market value (in thousands of dollars) of Fincorp's fixed assets in 2022 is $6,500 and that the value of its long-term debt is only…Extracts from the balance sheet of Atlantis Inc. are as follows: 2018 Assets Current Assets: Cash and Cash Equivalents 30,000 Accounts Receivable, Net 65,000 Merchandise Inventory 50,000 Total Current Assets 145,000 Long-Term Investments 150,000 Property, Plant, and Equipment, Net 250,000 Total Assets 545,000 Total Current Liabilities 150,000 Compute the acid test ratio.
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