Question: 3-year, 10% note payable, $200,000 Salaries and wages payable, $8,000 Mortgage payable ($20,000 due next year), $1,000,000 Rent payable, $6,000 Its current assets are $256,000
3-year, 10% note payable, $200,000 Salaries and wages payable, $8,000 Mortgage payable ($20,000 due next year), $1,000,000 Rent payable, $6,000 Its current assets are $256,000 at year-end. How much is its current ratio at year-end? A company reports the following selected accounts and balances after posting adjusting entries. Accounts payable, $14,000 6-month, 8%, note payable, $44,000 Income tax payable, $5,000 Salaries and wages expense, $23,000 02.78 O 2.55 281 O 3.32 0 2.64 R 888 F4 F V % 5 T G F5 6 B MacBook Air Y F6 Calculator H & 7 N F7 D Guidelines O Webcam *80 11 FB M K O * O 1 Hou L 24/7 A Minimiz F30
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