Maurice Tutor

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Teaching Since: May 2017
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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 30 Jul 2017 My Price 4.00

working capital

The following data are taken from the balance sheet at the end of the current year. Determine the (a) working capital, (b) current ratio, and (c) quick ratio. Present figures used in your computations. Round ratios to the nearest tenth.
Accounts payable $245,000
Accounts receivable 210,000
Accrued liabilities 4,000
Cash 90,000
Income tax payable 10,000
Inventory 240,000
Marketable securities 350,000
Notes payable, short-term 85,000
Prepaid expenses 15,000

Answers

Maurice Tutor
(5)
Status NEW Posted 30 Jul 2017 07:07 PM My Price 4.00

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