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At December 31 a company's records show the following information $ 10,000 30,000 Cash Accounts Receivable Inventory Prepaid Insurance Long-term Assets Accounts Payable Notes Payable due in 10 months Wages Payable Long-term Liabilities Stockholders' (Owner's) Equity 80,000 6,000 200,000 30,000 25,000 5,000 70,000 196,000 Find the following: 1- The company's working capital 2- The company's current ratio 3- The company's quick ratio

At December 31 a company's records show the following information $ 10,000 30,000 Cash Accounts Receivable Inventory Prepaid Insurance Long-term Assets Accounts Payable Notes Payable due in 10 months Wages Payable Long-term Liabilities Stockholders' (Owner's) Equity 80,000 6,000 200,000 30,000 25,000 5,000 70,000 196,000 Find the following: 1- The company's working capital 2- The company's current ratio 3- The company's quick ratio

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter2: Financial Statements And The Annual Report
Section: Chapter Questions
Problem 2.5E: Classification of Assets and Liabilities Indicate the appropriate classification of each of the...
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At December 31 a company's records show the following information $ 10,000 30,000 80,000 Cash Accounts Receivable Inventory Prepaid Insurance Long-term Assets Accounts Payable Notes Payable due in 10 months Wages Payable Long-term Liabilities Stockholders' (Owner's) Equity 6,000 200,000 30,000 25,000 5,000 70,000 196,000 Find the following: 1- The company's working capital 2- The company's current ratio 3- The company's quick ratio
Transcribed Image Text:At December 31 a company's records show the following information $ 10,000 30,000 80,000 Cash Accounts Receivable Inventory Prepaid Insurance Long-term Assets Accounts Payable Notes Payable due in 10 months Wages Payable Long-term Liabilities Stockholders' (Owner's) Equity 6,000 200,000 30,000 25,000 5,000 70,000 196,000 Find the following: 1- The company's working capital 2- The company's current ratio 3- The company's quick ratio
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