Question: The following items are taken from the balance sheet of

The following items are taken from the balance sheet of Minshew Company:
Cash ................ $ 126,000
Accounts Receivable (net) ........ 378,000
Merchandise Inventory .......... 123,000
Supplies ................ 500
Prepaid Expenses ........... 3,350
Accounts Payable ........... 175,700
Notes Payable (current) ........... 18,500
Salaries Payable ............ 3,800
Compute the following:
a. Working capital
b. Current ratio
c. Quick ratio


View Solution:


Sale on SolutionInn
Sales0
Views113
Comments
  • CreatedOctober 21, 2014
  • Files Included
Post your question
5000