Compute Chavez Companys current ratio using the following information. Accounts receivable . . . . . .
Question:
Accounts receivable . . . . . . . . . . . . . . $18,000
Long-term notes payable . . . . . . . . . . $21,000
Accounts payable . . . . . . . . . . . . . . . . . 11,000
Office supplies . . . . . . . . . . . . . . . . . . . . . 2,800
Buildings . . . . . . . . . . . . . . . . . . . . . . . . 45,000
Prepaid insurance . . . . . . . . . . . . . . . . . . . 3,560
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,000
Unearned services revenue . . . . . . . . . . . . 3,000
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Current assets Cash 7000 Accounts receivable 18000 Of...View the full answer
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Related Book For 
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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