A skeleton of Westview Country Florists balance sheet appears as follows (amounts in thousands): Use the following
Question:
Use the following ratio data to complete Westview Country Florists balance sheet:
a. Debt ratio is 0.57.
b. Current ratio is 1.20.
c. Quick (acid-test) ratio is0.20.
Transcribed Image Text:
Balance Sheet Cash Receivables $ 60Total current liabilities $2,100 Long-term debt 774 Other long-term liabilities 920 Prepaid expenses Total current assets Plant assets, net Other assets Total assets Common stock 180 2,701 2.375Retained earnings $6,700 Total liabilities and equity
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Related Book For
Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
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