Using the following account balances, calculate for the two years presented: A. Working capital B. Current ratio
Question:
Using the following account balances, calculate for the two years presented:
A. Working capital
B. Current ratio
Transcribed Image Text:
Unearned revenue Cash Prepaid rent Supplies Taxes payable Wages payable 12/31/2018 $12,600 33,200 9,000 5,600 4,800 8,500 12/31/2019 $ 6,000 12,750 6,000 2,500 5,500 9,250
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A Working capital 12312018 33200 9000 ...View the full answer
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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