A skeleton of Athol Country Florists balance sheet appears as follows (amounts in thousands): Use the following
Question:
Use the following ratio data to complete Athol Country Florists balance sheet:
a. Debt ratio is 0.50.
b. Current ratio is 1.30.
c. Acid-test ratio is0.40.
Transcribed Image Text:
Balance Sheet $ 85 Total current liabilities Long-term debt Other long-term liabilities. $ 1,900 Receivable 762 720 Prepaid expenses Total current assets.. Plant assets, net Other a Total a 185 (d) 2,100 $7,300 Common stock Total liabilities and equity.. s (f)
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Balance Sheet Dollars in thousands Cash 85 Receivables 675 ...View the full answer
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Related Book For
Financial accounting
ISBN: 978-0136108863
8th Edition
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
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