What 20,20,22,23,24 Use the following to answer questions 19 – 24The following balance sheet items, listed in alphabeticalorder, are available from the records of BAY Corporationat December 31, 20XD:Accounts payable $25,000Inventory$145,000Accounts receivable 50,000Land225,000Automobiles, net60,000Long-Term investment100.000Bond payable500,000Notes payable, due 11 months 75,000Buildings, net980,000Patents15,000750.000Payroll taxes payablePrepaid expensesRetained earningsCommon stock4,000Cash47.0002,500Income tax payable 13,000255,000Interest payable3,000Supplies50019. $How much are the current assets?20. $How much are the total assets?21. $How much are the currentliabilities?22. $How much are the total liabilities?23. $How much is the total stockholders'equity?24.What is the current ratio, (round to twodecimal places)?

Name: What 20,20,22,23,24 Use the following to answer questions 19 – 24The f
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Description: What 20,20,22,23,24 Use the following to answer questions 19 – 24The following balance sheet items, listed in alphabeticalorder, are available from the records of BAY Corporationat December 31, 20XD:Accounts payable $25,000Inventory$145,000Accounts r

Business

Accounting

19. $ How much are the current assets? 20. $ How much are the total assets? 21. $ How much are the current liabilities? 22. $ How much are the total liabilities? 23. $ How much is the total stockholders' equity? 24. What is the current ratio, (round to two decimal places)?

19. $ How much are the current assets? 20. $ How much are the total assets? 21. $ How much are the current liabilities? 22. $ How much are the total liabilities? 23. $ How much is the total stockholders' equity? 24. What is the current ratio, (round to two decimal places)?

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 1.4.1MBA: Return on assets The following data (in millions) were adapted from recent financial statements of...

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