EBK EXCELLENCE IN BUSINESS COMMUNICATIO
EBK EXCELLENCE IN BUSINESS COMMUNICATIO
12th Edition
ISBN: 8220101459817
Author: BOVEE
Publisher: YUZU
Question
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Chapter 7, Problem 7.16E
Summary Introduction

To determine:

How to effectively update data on a podcast?

Introduction:

Identify and revise the two errors in the introduction to last week’s podcast.

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Use the following information from XYZ Corporation's balance sheet: ⚫ Cash = $9,000 Marketable securities = $4,200 • Accounts receivable = $6,800 • Inventory = $15,200 • • Property and equipment = $60,000 Accumulated depreciation = ($5,500) • Total assets = $89,700 Liabilities and Stockholders' Equity: • Accounts payable = $5,300 • Notes payable (current) = $3,200 • • Mortgage payable (long-term) = $4,800 Bonds payable (long-term) = $27,500 • Common stock ($50 par) = $22,000 • Paid-in capital in excess of par = $10,500 • Retained earnings = $16,400 • Total liabilities and stockholders' equity = $89,700 What is the current ratio?
What is the ending work in process inventory of this accounting question?
Need financial account answer
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