Based on the following data, what is the amount of current assets? Accounts payable $64500 Accounts receivable 112000 Cash 74000 Intangible assets 112000 Inventory 128000 Long-term investments 168000 Long-term liabilities 206500 Short-term investments 81500 Notes payable Property, plant, and equipment Prepaid insurance 57000 1330000 2400 O $239900 O $267500. O $269900 O $397900

Based on the following data, what is the amount of current assets? Accounts payable $64500 Accounts receivable 112000 Cash 74000 Intangible assets 112000 Inventory 128000 Long-term investments 168000 Long-term liabilities 206500 Short-term investments 81500 Notes payable Property, plant, and equipment Prepaid insurance 57000 1330000 2400 O $239900 O $267500. O $269900 O $397900

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Income Statements for 2020 and 2021 (including dividends paid and retained earnings).
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