Help please Ratio Analysis 2818. Equipment is purchased withlong-term notes.9. Utility expenses are paid (theywere not previously accrued).10. A cash dividend is paid.NINeCigancauteof the peent on the chanoicreditor4. Comment on the chantotal revenue to be traThe Alston Inn is manaProblemsIndicate the effects of the transactions listed below on each of the following: total currenassets, working capital (CAdecrease with-and indicate no effect or effect cannot be determined with "0.“ Assumaan initial current ratio of greater than 1.0.Problem 1total revenue to be frTaand equipment replacelodging property has 2Its room revenue is 7Oof its total revenue.TotalWorkingCurrentCurrentСapitalRatioRequired:Assets1. Food is sold for cash.1. Determine the2 Equipment is sold at less thanits net book value.2. Determine th3. Determine tť3. Beverages are sold on account.4. A cash dividend is declared.5. Accrued payroll is paid.6. Treasury stock is purchased.7. Afully depreciated fixed assetis retired.The Brooklyncredit and collyear has 365

Current assets and liabilities are those assets and liabilities that are used within a short period…

Problem 1 Indicate the effects of the transactions listed below on each of the following: total curr assets, working capital (CA- CL), and current ratio. Indicate increase with "+," indica decrease with-" and indicate no effect or effect cannot be determined with “0." Assute an initial current ratio of greater than 1.0. Total Working Сapital Current Current Assets Ratio 1. Food is sold for cash. 2 Equipment is sold at less than its net book value. 3. Beverages are sold on account. 4. A cash dividend is declared. 5. Accrued payroll is paid. 6. Treasury stock is purchased. 7. A fully depreciated fixed asset is retired.

Problem 1 Indicate the effects of the transactions listed below on each of the following: total curr assets, working capital (CA- CL), and current ratio. Indicate increase with "+," indica decrease with-" and indicate no effect or effect cannot be determined with “0." Assute an initial current ratio of greater than 1.0. Total Working Сapital Current Current Assets Ratio 1. Food is sold for cash. 2 Equipment is sold at less than its net book value. 3. Beverages are sold on account. 4. A cash dividend is declared. 5. Accrued payroll is paid. 6. Treasury stock is purchased. 7. A fully depreciated fixed asset is retired.

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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