Use the following data to calculate the current ratio. Wildhorse Co. Balance Sheet December 31, 2022 Cash $127300 Accounts payable $172000 Accounts receivable 124800 Salaries and wages payable 32600 Inventory 200100 Note payable (due 2025) 270100 Short-term investments 92500 Total liabilities $474700 Land (held for future use) 258500 Land 285000 Buildings $339500 Common stock $361000 Less: Accumulated depreciation (61800) 277700 Retained earnings 734900 Franchise 204700 Total stockholders' equity $1095900 Total assets $1570600 Total liabilities and stockholders' equity $1570600 1.12 : 1 2.66 : 1 3.17 : 1 2.20 : 1

Use the following data to calculate the current ratio. Wildhorse Co. Balance Sheet December 31, 2022 Cash $127300 Accounts payable $172000 Accounts receivable 124800 Salaries and wages payable 32600 Inventory 200100 Note payable (due 2025) 270100 Short-term investments 92500 Total liabilities $474700 Land (held for future use) 258500 Land 285000 Buildings $339500 Common stock $361000 Less: Accumulated depreciation (61800) 277700 Retained earnings 734900 Franchise 204700 Total stockholders' equity $1095900 Total assets $1570600 Total liabilities and stockholders' equity $1570600 1.12 : 1 2.66 : 1 3.17 : 1 2.20 : 1

Name: Use the following data to calculate the current ratio.Wildhorse Co.Bal
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Description: Use the following data to calculate the current ratio.Wildhorse Co.Balance SheetDecember 31, 2022Cash $127300 Accounts payable$172000Accounts receivable 124800 Salaries and wages payable32600Inventory 200100 Note payable (due 2025)270100Short-term in

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.7E

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Wildhorse Co.
Balance Sheet
December 31, 2022
Cash		$127300	Accounts payable	$172000
Accounts receivable		124800	Salaries and wages payable	32600
Inventory		200100	Note payable (due 2025)	270100
Short-term investments		92500	Total liabilities	$474700
Land (held for future use)		258500
Land		285000
Buildings	$339500		Common stock	$361000
Less: Accumulated depreciation	(61800)	277700	Retained earnings	734900
Franchise		204700	Total stockholders' equity	$1095900
Total assets		$1570600	Total liabilities and stockholders' equity	$1570600

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