Question

The following December 31, 2011, fiscal year-end account balance information is available for the Stonebridge Corporation:

The only asset not listed is short-term investments. The only liabilities not listed are a $30,000 note payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is 1.5:1.

Required:
Determine the following at December 31, 2011:
1. Total current assets
2. Short-term investments
3. Retained earnings



$1.99
Sales0
Views277
Comments0
  • CreatedJune 24, 2013
  • Files Included
Post your question
5000