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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The current asset section of Guardian Consultant's balance sheet consist of cash, accounts receivable, and prepaid expenses. The 2016 balance sheet reported the following: Cash 1,300,000; prepaid expenses 360,000; concurrent assets $2,400,000; and shareholders' equity $2,500,000. The current ratio at the end of the year was 2.0 and the debt to equity ratio was 1.4. Determine the following amounts and ratios:1) Current liability; 2) Long-term liabilities; 3) Accounts receivable; 4) The acid-test ratio.
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