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Cash $655,500 759,000 Marketable securities Accounts and notes receivable (net) 310,500 Inventories 643,500 Prepaid expenses 331,500 Total current assets Current liabilities: Accounts and notes payable Accrued liabilities (short-term) $2,700,000 $435,000 315,000 Total current liabilities $750,000 a. Determine for each year (1) the working capital, (2) the current ratio, and the que $520,000 585,000 195,000 475,800 304,200 195,000 $2,080,000 $455,000 $650,000 satio. Round ratios to

Cash $655,500 759,000 Marketable securities Accounts and notes receivable (net) 310,500 Inventories 643,500 Prepaid expenses 331,500 Total current assets Current liabilities: Accounts and notes payable Accrued liabilities (short-term) $2,700,000 $435,000 315,000 Total current liabilities $750,000 a. Determine for each year (1) the working capital, (2) the current ratio, and the que $520,000 585,000 195,000 475,800 304,200 195,000 $2,080,000 $455,000 $650,000 satio. Round ratios to

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 16MCQ
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Current assets: Cash $655,500 Marketable securities 759,000 Accounts and notes receivable (net) 310,500 Inventories 643,500 Prepaid expenses 331,500 Total current assets Current liabilities: Accounts and notes payable Current Year Accrued liabilities (short-term) $2,700,000 $435,000 Previous Year 315,000 Total current liabilities $750,000 a. Determine for each year (1) the working capital, (2) the current ratio, and $520,000 585,000 195,000 475,800 304,200 195,000 $2,080,000 $455,000 $650,000 The quicle ratio. Round raties to a
Transcribed Image Text:Current assets: Cash $655,500 Marketable securities 759,000 Accounts and notes receivable (net) 310,500 Inventories 643,500 Prepaid expenses 331,500 Total current assets Current liabilities: Accounts and notes payable Current Year Accrued liabilities (short-term) $2,700,000 $435,000 Previous Year 315,000 Total current liabilities $750,000 a. Determine for each year (1) the working capital, (2) the current ratio, and $520,000 585,000 195,000 475,800 304,200 195,000 $2,080,000 $455,000 $650,000 The quicle ratio. Round raties to a
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