Westwood Athletics, a manufacturer of gymnastic equipment, provided the following financial details to its accountants: • • • Current assets: $165,500 Net fixed assets: $382,250 Other assets: $5,250 • Long-term debt: $89,780 • Common stock: $225,000 • Retained earnings: $145,970 What is the amount of current liabilities for Westwood Athletics?

Westwood Athletics, a manufacturer of gymnastic equipment, provided the following financial details to its accountants: • • • Current assets: $165,500 Net fixed assets: $382,250 Other assets: $5,250 • Long-term debt: $89,780 • Common stock: $225,000 • Retained earnings: $145,970 What is the amount of current liabilities for Westwood Athletics?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 89E: Ratio Analysis Rising Stars Academy provided the following information on its 2019 balance sheet and...

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