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Managerial Accounting

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 6BE

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Practice Pack

27

Use the following to answer the questions
DO NOT INCLUDE COMMAS OR DOLLAR SIGNS IN YOUR ANSWERS
Total Assets
$875,000
Current assets
$175,000
Total liabilities
$390,000
Current liabilities
$75,000
Retained earnings
$185,000
How much is Paid-In Capital (Common Stock)?
Determine the current ratio (rounded to 2 decimal places)

$875,000
Current assets
$175,000
Total liabilities
$390,000
Current liabilities
$75,000
Retained earnings
$185,000
How much is Paid-In Capital (Common Stock)?
Determine the current ratio (rounded to 2 decimal places)
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