The following items are from the balance sheets of J. R. Smith & Sons Company as of

Question:

The following items are from the balance sheets of J. R. Smith & Sons Company as of December 31, 2013 and 2012.

Calculate the following for each year. (Round to two decimals.)
a. Working capital
b. Current ratio
c. Quickratio

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College Accounting

ISBN: 978-1111528126

11th edition

Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille

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Question Posted: Oct 21, 2014 02:50 AM

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The following items are from the balance sheets of J. R. Smith & Sons Company as of

Question:

Assets 2013 2012 Current Assets Cash Notes Receivable Accounts Receivable (net) Merchandise Inventory Supplies Total Current Assets 197500.00 $188,400.00 14,000.00 78,000.00 00 236,000.00 600.00 $573,000,00 517000.00 $228,000,00 $182,000.00 15,000.00 87000.00 273,000. 500.00 Curront Liabilites

Step by Step Answer:

a Working capital 2013 573000 228000 345000 Working capital 2...View the full answer

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