Using the following account balances, calculate for the two years presented: A. Working capital B. Current ratio
Question:
Using the following account balances, calculate for the two years presented:
A. Working capital
B. Current ratio
Transcribed Image Text:
Accounts payable Accounts receivable Cash Prepaid insurance Salaries payable Utilities payable 12/31/2018 $12,790 16,330 21,040 4,500 6,500 1,200 12/31/2019 $1,530 2,200 5,550 1,200 4,000 550
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A Working capital 12312018 16330 2...View the full answer
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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