Q.6 Analysis of Financial Statement: Cash $77.500; Receivable $336.000; Inventory $241,500: Fixed Asset $292.500 Account Payable $129,000; Note Payable $84,000: Other current liabilities $117.000; Long term Debt $256,500: Common equity $361.000 Compute i. Working capital Current ratio ii. Quick ratio ii.

Q.6 Analysis of Financial Statement: Cash $77.500; Receivable $336.000; Inventory $241,500: Fixed Asset $292.500 Account Payable $129,000; Note Payable $84,000: Other current liabilities $117.000; Long term Debt $256,500: Common equity $361.000 Compute i. Working capital Current ratio ii. Quick ratio ii.

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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