Current assets .... $ 75,000 Current liabilities..... $ 50,000 30,000 Long-term liabilities.... Investments.... 60,000 Plant assets ... 300,000 D. Repicor, Capital..... 295,000 а. 2.10 d. 0.95 b. 1.50 е. 0.67 с. 1.00

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 16MC: If current assets are $100,000 and current liabilities are $42,000, what is the working capital? A....
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Based on the following information from Repicor Company’s balance sheet, what is Repicor Company’s current ratio?

Current assets .... $ 75,000 Current liabilities..... $ 50,000
30,000 Long-term liabilities....
Investments....
60,000
Plant assets ...
300,000 D. Repicor, Capital..... 295,000
а. 2.10
d. 0.95
b. 1.50
е. 0.67
с. 1.00
Transcribed Image Text:Current assets .... $ 75,000 Current liabilities..... $ 50,000 30,000 Long-term liabilities.... Investments.... 60,000 Plant assets ... 300,000 D. Repicor, Capital..... 295,000 а. 2.10 d. 0.95 b. 1.50 е. 0.67 с. 1.00
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