The following financial information is for Oriole Company. ORIOLE COMPANY Balance Sheets December 31 Assets Cash Debt

The following financial information is for Oriole Company. ORIOLE COMPANY Balance Sheets December 31

 

 

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Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land ORIOLE COMPANY Balance Sheets December 31 Building and equipment (net) Total assets 2017 $ 69,000 55,000 109,000 2016 $ 65,000 40,000 89,000 239,000 168,000 23,000 26,000 66,000 42,000 129,000 129,000 264,000 186,000 $888,000 $703,000 Liabilities and Stockholders' Equity Notes payable Accounts payable Accrued liabilities Bonds payable, due 2017 251,000 170,000 Common stock, $10 par 204,000 204,000 Retained earnings 156,000 126,000 Total liabilities and stockholders' equity $888,000 $703,000 $169,000 $109,000 52,000 42,000 Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land ORIOLE COMPANY Balance Sheets December 31 Building and equipment (net) Total assets 2017 $ 69,000 55,000 109,000 2016 $ 65,000 40,000 89,000 239,000 168,000 23,000 26,000 66,000 42,000 129,000 129,000 264,000 186,000 $888,000 $703,000 Liabilities and Stockholders' Equity Notes payable Accounts payable Accrued liabilities Bonds payable, due 2017 251,000 170,000 Common stock, $10 par 204,000 204,000 Retained earnings 156,000 126,000 Total liabilities and stockholders' equity $888,000 $703,000 $169,000 $109,000 52,000 42,000

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ANSWER Current ratioCurrent assetcurrent liability Calculation of current asset for the year 2021 20... View the full answer