Account Title Debits Credits Cash $ 5 5 , 0 0 0 Accounts receivable 3 9 ,
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Question:
Account Title Debits Credits
Cash $
Accounts receivable
Inventory
Prepaid insurance
Equipment
Accumulated depreciation $
Patent net
Accounts payable
Interest payable
Notes payable due in years
Common stock
Retained earnings
Totals $ $
Calculate the current ratio.
Calculate the acidtest ratio.
Calculate the debt to equity ratio.
Related Book For
Intermediate Accounting
ISBN: 978-1260481952
10th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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