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The following amounts were reported on the December 31, 2022, balance sheet: Retained earnings Buildings and equipment, net of accumulated depreciation Accounts receivable Common stock Wages payable Cash Land Accounts payable Bonds payable Merchandise inventory $ 140,000 Multiple Choice A) 2.5. B) 3.0. C) 1.7. D) 1.2. 150,000 38,000 20,000 5,000 13,000 60,000 25,000 90,000 24,000 The current ratio at December 31, 2022 was:

The following amounts were reported on the December 31, 2022, balance sheet: Retained earnings Buildings and equipment, net of accumulated depreciation Accounts receivable Common stock Wages payable Cash Land Accounts payable Bonds payable Merchandise inventory $ 140,000 Multiple Choice A) 2.5. B) 3.0. C) 1.7. D) 1.2. 150,000 38,000 20,000 5,000 13,000 60,000 25,000 90,000 24,000 The current ratio at December 31, 2022 was:

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following amounts were reported on the December 31, 2022, balance sheet: Retained earnings Buildings and equipment, net of accumulated depreciation Accounts receivable Common stock Wages payable Cash Land Accounts payable Bonds payable Merchandise inventory $ 140,000 Multiple Choice A) 2.5. B) 3.0. C) 1.7. D) 1.2. 150,000 38,000 20,000 5,000 13,000 60,000 25,000 90,000 24,000 The current ratio at December 31, 2022 was:
Transcribed Image Text:The following amounts were reported on the December 31, 2022, balance sheet: Retained earnings Buildings and equipment, net of accumulated depreciation Accounts receivable Common stock Wages payable Cash Land Accounts payable Bonds payable Merchandise inventory $ 140,000 Multiple Choice A) 2.5. B) 3.0. C) 1.7. D) 1.2. 150,000 38,000 20,000 5,000 13,000 60,000 25,000 90,000 24,000 The current ratio at December 31, 2022 was:
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