Tumbling Haven, a gymnastic equipment manufacturer, provided the following information to its accountants. The company had current assets of $158,332, net fixed assets of $416,190, and other assets of $5,176. The firm has long-term debt of $76,445, common stock of $330,000, and retained earnings of $144,461. What amount of current liabilities does this firm have?

Tumbling Haven, a gymnastic equipment manufacturer, provided the following information to its accountants. The company had current assets of $158,332, net fixed assets of $416,190, and other assets of $5,176. The firm has long-term debt of $76,445, common stock of $330,000, and retained earnings of $144,461. What amount of current liabilities does this firm have?

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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