Accounts Payable 55000 Equipment 950000Marketable Securities 40000 Taxes Payable 15000Accounts Receivable 180000 Retained Earnings 250000Notes Payable 12 due in 60 days 20000 Inventory 85000Capital Stock 1150000 Allowance for Doubtful Accounts 20000Salaries Payable 10000 Land 600000Cash 15000 Required 1 Prepare the Current Liabilities section of Kruses 2014 balance sheet2 Compute Kruses working capital3 Compute Kruses current ratio What does this ratio indicate about Kruses condition

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Accounts payable 55000 Taxes payable 15000 Note payable 20000 Salaries payable 10000 Total curren... View the full answer