Homework Helper

Not Rated (0)

$17/per page/

About Homework Helper

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Art & Design,Chemistry,Economics,Essay writing Hide all
Teaching Since: Apr 2017
Last Sign in: 419 Weeks Ago, 2 Days Ago
Questions Answered: 3232
Tutorials Posted: 3232

Education

  • MBA,MCS,M.phil
    Devry University
    Jan-2008 - Jan-2011

  • MBA,MCS,M.Phil
    Devry University
    Feb-2000 - Jan-2004

Experience

  • Regional Manager
    Abercrombie & Fitch.
    Mar-2005 - Nov-2010

  • Regional Manager
    Abercrombie & Fitch.
    Jan-2005 - Jan-2008

Category > Business & Finance Posted 21 May 2017 My Price 11.00

Jerrison Company operates a wholesale hardware

Jerrison Company operates a wholesale hardware business. The following balance sheet accounts and balances are available for Jerrison at December 31, 2009.
Accounts payable …………………………………………………….$ 62,100
Accounts receivable ………………………………………………….. 96,300
Accumulated depreciation on data processing equipment …………… 172,400
Accumulated depreciation on warehouse …………………………….. 216,800
Accumulated depreciation on warehouse operations equipment …….. 31,200
Bonds payable (due 2013) …………………………………………… 200,000
Building, warehouse …………………………………………………. 419,500
Cash ………………………………………………………………….. 8,400
Common stock ……………………………………………………….. 250,000
Equipment, data processing …………………………………………. 309,000
Equipment, warehouse operations …………………………………… 106,100
Income taxes payable ………………………………………………… 21,600
Interest payable ……………………………………………………… 12,200
Inventory (merchandise) …………………………………………….. 187,900
Land …………………………………………………………………. 41,000
Long-term investments in equity securities ………………………….. 31,900
Notes payable (due June 1, 2010) …………………………………… 50,000
Prepaid insurance (for 4 months) ……………………………………. 5,700
Retained earnings, 12/31/2009 ………………………………………. ?
Salaries payable ……………………………………………………… 14,400
Short-term investments in marketable securities …………………….. 21,000

Required:
1. Prepare a classified balance sheet for Jerrison Company at December 31, 2009.
2. Compute Jerrison’s working capital and current ratio at December 31, 2009. Comment on Jerrison’s liquidity.

Answers

Homework Helper
Not Rated (0)
Status NEW Posted 21 May 2017 08:05 AM My Price 11.00

Hel-----------lo -----------Sir-----------/Ma-----------dam----------- T-----------han-----------k Y-----------ou -----------for----------- us-----------ing----------- ou-----------r w-----------ebs-----------ite----------- an-----------d a-----------cqu-----------isi-----------tio-----------n o-----------f m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age----------- I -----------wil-----------l

Not Rated(0)