Question

Using the following accounts and balances taken from a year-end balance sheet, compute working capital and the current ratio:
Accounts Payable ........... $3,500
Accounts Receivable ........... 5,000
Cash ................ 2,000
Marketable Securities ......... . 1,000
Merchandise Inventory .......... $ 6,000
Notes Payable in Three Years ...... 6,500
Owner’s Capital ........... 24,000
Property, Plant, and Equipment ..... 20,000



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  • CreatedMarch 26, 2014
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