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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 4 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Cash 520,000 Temporary Investments 380,000 Accounts and notes receivable (net) 700,000 Inventories 720,000 Prepaid expenses 80,000 Accounts Payable 300,000 Notes Payable (short term) 360,000 Accrued expenses 340,000 1.Compute (a) the working capitl, (b) the current ratio, and (c) the quick ratio. 2.List the following captions on a sheet of paper: Transaction, Working Capital, Current Ratio, Quick Ratio Compute the working capital, the current ration, and the quick ratio after each of the following transacitions, and record the results in the appropriate columns a. Sold to temporary investments at no gain or loss, $90,000 b.Paid accounts payable, $175,000 c. purchased goods on account, $125,000
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