1. Calculate Spirit of South Dakota Logistics' current ratio. 2. How much in current assets does...
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1. Calculate Spirit of South Dakota Logistics' current ratio. 2. How much in current assets does Spirit of South Dakota Logistics have for every dollar of current liabilities that it owes? Requirement 1. Calculate Spirit of South Dakota Logistics' current ratio. (Round your answer to two decimal places, X.XX.) Total current assets Total current liabilities Current ratio Requirement 2. How much in current assets does Spirit of South Dakota Logistics have for every dollar of current liabilities that it owes? (Enter the amount to the nearest The company has of current assets for every dollar of current labilities that it owes. Data table Notes Payable, long-term Prepaid Rent Salaries Payable Service Revenue Office Supplies Accumulated Depreciation Equip. Advertising Expense 11,500 2,400 1,500 10,800 800 4,500 1,000 Print Accounts Payable Accounts Receivable Cash Depreciation Expense-Equip. Equipment Common Stock Rent Expense Done $ - X 3,900 6,300 3,200 1,200 22,000 5,500 800 En 1. Calculate Spirit of South Dakota Logistics' current ratio. 2. How much in current assets does Spirit of South Dakota Logistics have for every dollar of current liabilities that it owes? Requirement 1. Calculate Spirit of South Dakota Logistics' current ratio. (Round your answer to two decimal places, X.XX.) Total current assets Total current liabilities Current ratio Requirement 2. How much in current assets does Spirit of South Dakota Logistics have for every dollar of current liabilities that it owes? (Enter the amount to the nearest The company has of current assets for every dollar of current labilities that it owes. Data table Notes Payable, long-term Prepaid Rent Salaries Payable Service Revenue Office Supplies Accumulated Depreciation Equip. Advertising Expense 11,500 2,400 1,500 10,800 800 4,500 1,000 Print Accounts Payable Accounts Receivable Cash Depreciation Expense-Equip. Equipment Common Stock Rent Expense Done $ - X 3,900 6,300 3,200 1,200 22,000 5,500 800 En
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Current assets given are Cash 3200 Accounts Receivable 6300 Prepaid Rent 2400 ... View the full answer
Related Book For
Horngrens Accounting
ISBN: 978-0133855371
10th Canadian edition Volume 1
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
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