Acme Auto Supplies listed the following accounts on their December 31, 2007
Question 7
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Acme Auto Supplies listed the following accounts on their December 31, 2007
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Cash $60,000
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Prepaid Insurance $40,000
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Accounts Receivable $50,000
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Inventory $70,000
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Land held for investment $80,000
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Land $95,000
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Building $100,000
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Less: Accumulated Depreciation <$30,000>
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( Trademark $70,000
)Accounts Payable $65,000
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Salaries Payable $10,000
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Mortgage Payable $90,000
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Common Stock $120,000
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Retained Earnings $250,000
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The current ratio is
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2.93:1.
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1.86:1.
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3.38:1.
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2.00:1. *** i think this one??
and this question
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The total amount of working capital is
$155,000.
$60,000.
$150,000.
$145,000
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Answers
Status NEW
Posted 12 Jun 2017 08:06 AM
My Price 5.00
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Attachments
file 1497257601-455520_1_636327435007411610_Current-ratio-and-working-capital.xlsx preview (73 words )
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