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 28 Jan 2018 My Price 6.00

Wyne Incorporated

Wyne Incorporated had the following transactions involving current assets and current liabilities during February 2014

Feb. 3       Collected accounts receivable of $15,100.

7       Purchased equipment for $26,700 cash.

11       Paid $4,500 for a 1-year insurance policy.

14       Paid accounts payable of $13,600.

18       Declared cash dividends, $4,500.

Current ratio as of February 1, 2014  

:1
Feb. 3  

:1
Feb. 7  

:1
Feb. 11  

:1
Feb. 14  

:1
Feb. 18  

:1

Additional information:

As of February 1, 2014, current assets were $134,000 and current liabilities were $39,200.

Compute the current ratio as of the beginning of the month and after each transaction. (Round all answers to 2 decimal places, e.g. 1.83 : 1.)

Answers

Maurice Tutor
(5)
Status NEW Posted 28 Jan 2018 10:01 PM My Price 6.00

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