Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 13 Oct 2017 My Price 7.00

Dimaz Company

The accounts and balances that follow are from the general ledger of Dimaz Company. Compute the
(1) Working capital and
(2) Current ratio.
Accounts Payable ………………………………………….$6,640
Accounts Receivable ……………………………………… 4,080
Cash ……………………………………………………….. 600
Current Portion of Long-Term Debt ………………………. 4,000
Long-Term Investments …………………………………… 8,320
Marketable Securities ……………………………………… 5,040
Merchandise Inventory …………………………………….10,160
Notes Payable (90 days) …………………………………… 6,000
Notes Payable (2 years) …………………………………….16,000
Notes Receivable (90 days) ………………………………...10,400
Notes Receivable (2 years) ………………………………… 8,000
Prepaid Insurance ………………………………………….. 160
Property, Plant, and Equipment …………………………….48,000
Property Taxes Payable ……………………………………. 500
I. Dimaz, Capital ……………………………………………22,640
Salaries Payable ……………………………………………. 340
Supplies …………………………………………………….. 140
Unearned Revenue …………………………………………. 300

Answers

Maurice Tutor
(5)
Status NEW Posted 13 Oct 2017 03:10 PM My Price 7.00

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