Ivanhoe Company reports the following account balances at December 3 1 , 2 0 2 5 :
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Question:
Ivanhoe Company reports the following account balances at December :
Accounts payable
$
Accounts receivable
Cash
Intangible assets
Inventory
Longterm investments
Longterm liabilities
Shortterm investments
Notes payable shortterm
Property, plant, and equipment
Prepaid insurance
Salaries and wages payable
Land held for future use
Compute the companys a working capital and b current ratio. Round current ratio to decimal places, eg:
a
Working capital
$enter a dollar amount
b
Current ratio
enter ratio rounded to decimal places
Related Book For
Understanding Financial Accounting
ISBN: 9781119406921
2nd Canadian Edition
Authors: Christopher D. Burnley
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