Question: Firm O has accounts receivable of 31 000 cash of 14 600

Firm O has accounts receivable of $31,000, cash of $14,600, property, plant, and equipment of $320,000, merchandise inventory of $43,200, accounts payable of $22,100, other accrued liabilities of $7,500, common stock of $250,000, and retained earnings of $129,200.

Required:
Calculate Firm N's working capital and current ratio.


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  • CreatedOctober 05, 2013
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