Using the balance sheet provided, what is the decimal value for the XYZ Company Balance Sheet Assets Liabilities current ratio? Cash $10,000 Notes $25,000 current ratio =[?] Round to the nearest tenth. %3D Inventory $61,000 Property $110,000 Wages $56,000 Equity Stock $50,000 Investment $39,000 Total Assets: Total Liabilities + Equity:
Using the balance sheet provided, what is the decimal value for the XYZ Company Balance Sheet Assets Liabilities current ratio? Cash $10,000 Notes $25,000 current ratio =[?] Round to the nearest tenth. %3D Inventory $61,000 Property $110,000 Wages $56,000 Equity Stock $50,000 Investment $39,000 Total Assets: Total Liabilities + Equity:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Using the balance sheet
provided, what is the
decimal value for the
XYZ Company
Balance Sheet
Assets
Liabilities
current ratio?
Cash
$10,000
Notes
$25,000
current ratio = [?]
Round to the nearest tenth.
%3D
Inventory $61,000
Property $110,000
Wages
$56,000
Equity
Stock
$50,000
Investment $39,000
Total Assets:
Total Liabilities + Equity:
Enter
2022 International Academy of Science. All Rights Reserved.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F657b0f2c-505d-4f01-9591-bc88ec786b35%2Fc2cb6ccf-b919-4b60-b877-afee438260f3%2Fqcg4zrb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Using the balance sheet
provided, what is the
decimal value for the
XYZ Company
Balance Sheet
Assets
Liabilities
current ratio?
Cash
$10,000
Notes
$25,000
current ratio = [?]
Round to the nearest tenth.
%3D
Inventory $61,000
Property $110,000
Wages
$56,000
Equity
Stock
$50,000
Investment $39,000
Total Assets:
Total Liabilities + Equity:
Enter
2022 International Academy of Science. All Rights Reserved.
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