The following amounts were reported on the December 31, 2019, balance sheet: $ 8,000 20,000 15,000 120,000 30,000 80,000 180,000 22,000 40,000 Cash Land Accounts payable Bonds payable Merchandise inventory Retained earnings Buildings and equipment, net of accumulated depreciation Accounts receivable Common stock Wages payable 5,000 The current ratio at December 31, 2019 was: Multiple Choice 6.0 1.5

The following amounts were reported on the December 31, 2019, balance sheet: $ 8,000 20,000 15,000 120,000 30,000 80,000 180,000 22,000 40,000 Cash Land Accounts payable Bonds payable Merchandise inventory Retained earnings Buildings and equipment, net of accumulated depreciation Accounts receivable Common stock Wages payable 5,000 The current ratio at December 31, 2019 was: Multiple Choice 6.0 1.5

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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hello what is the current ratio at december 31,2019
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The following amounts were reported on the December 31, 2019, balance sheet: $ 8,000 20,000 15,000 120,000 30,000 80,000 180,000 22,000 40,000 5,000 Cash Land Accounts payable Bonds payable Merchandise inventory Retained earnings Buildings and equipment, net of accumulated depreciation Accounts receivable Common stock Wages payable Working capital at December 31, 2019 was: Multiple Choice $120,000. $10,000.
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