A company has the following balance sheet items at the end of the year: Assets: Cash $100,000
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Question:
A company has the following balance sheet items at the end of the year:
Assets:
- Cash $100,000
- Accounts Receivable $50,000
- Inventory $120,000
- Prepaid Rent $10,000
- Equipment $200,000
Liabilities:
- Accounts Payable $40,000
- Notes Payable $50,000
- Salaries Payable $30,000
- Rent Payable $5,000
Owners Equity:
- Capital Stock $150,000
- Retained Earnings $200,000
Calculate the following:
- Current Ratio
- Quick Ratio
- Debt to Equity Ratio
- Debt to Asset Ratio
Related Book For
Posted Date: