Agency Rent-A-Car Inc. rents cars to customers whose vehicles are unavailable due to accident, theft, or repair
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1. What is the dollar amount of current assets and current liabilities at January 31, 2011? At January 31, 2010? What does this information tell you about the companys liquidity?
2. Assume that stockholders were paid dividends of $18,100 during 2010 and that there were no other changes in stockholders equity except for net income. How much net income did the business earn during the year?
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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