At Lyon Enterprises sales this past year were $2,000. The cost ratio was calculated to be...

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At Lyon Enterprises sales this past year were $2,000. The cost ratio was calculated to be 54%, current ratio was 1.5, and current liabilities were $900, and accruals were $50. Inventory is $360 and A/R is $250. Assume 360 days in a year. Complete the following account balances. NO DECIMALS. ONLY WHOLE numbers. Cash Current Assets Accounts Payable Accruals Current Liabilities At Lyon Enterprises sales this past year were $2,000. The cost ratio was calculated to be 54%, current ratio was 1.5, and current liabilities were $900, and accruals were $50. Inventory is $360 and A/R is $250. Assume 360 days in a year. Complete the following account balances. NO DECIMALS. ONLY WHOLE numbers. Cash Current Assets Accounts Payable Accruals Current Liabilities

Answer rating: 100% (QA)

Current Asset Current Liability Current Ratio 900 15 1350 Current Asse... View the full answer