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 $45,000 52,000 11,500 1,060 9,400 3,500 12/31/2019 $12,600 15,200 19,780 2,400 12,800 2,550
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A Working capital for 12312018 52000 11500 1060 45000 9400 3500 17120 Working capita...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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