Firm Q has short term debt of $14,000, land of $85,000, merchandise inventory of $31,000, cash of
Question:
Firm Q has short term debt of $14,000, land of $85,000, merchandise inventory of $31,000, cash of $9,000, property, plant, and equipment of $330,000, accounts payable of $16,000, long-term debt of $60,000, accounts receivable of 17,000, common stock of $300,000, and retained earnings of $82,000.
Required:
Calculate Firm Q’s working capital and current ratio.
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9000 cash 17000 accounts receivable 31000 inventory 5700...View the full answer
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