Question: Current Attempt in Progress A list of financial statement items for Novak Corp. includes the following: accounts receivable $30,800; prepaid insurance $5,720; cash $22,880; supplies




Current Attempt in Progress A list of financial statement items for Novak Corp. includes the following: accounts receivable $30,800; prepaid insurance $5,720; cash $22,880; supplies $8,360; and debt investments (short-term) $18,040, Prepare the current assets section of the balance sheet listing the items in the proper sequence. (List current assets in order of liquidity.) Novak Corp. Partial Balance Sheet Type here to search ORI E g home -/10 Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars). Cash Accounts receivable Inventory Other current assets Total current assets Total current liabilities $31.5 21.0 28.6 24.0 $105.1 $191.1 Compute working capital and the current ratio. (If answer is negative enter it with a negative sign preceding the number eg. -15,000 or in parentheses e.g. (15,000). Round Current Ratio to 2 decimal places, eg. 0.78:1.) $ Working capital Current ratio :1 Save for Later Attempts: 0 of 1 used Submit Answer be here to search o DI E -/10 Suppose the following items were taken from the December 31, 2017, assets section of the Waterway Industries balance sheet. (All dollars are in millions.) Inventory Notes receivable-due after December 31, 2018 Notes receivable-due before December 31, 2018 Accumulated depreciation-buildings $17,330 5,490 385 12,530 Patents Buildings Cash Accounts receivable Debt investments (short-term) $13,390 21,590 8,700 5.670 1,670 Prepare the assets section of a classified balance sheet. (List the current assets in order of liquidity) Waterway Industries Partial Balance Sheet (in millions) Assets ype here to search O II 1 9/1 E - / 10 Mi Prepare the assets section of a classified balance sheet. (List the current assets in order of liquidity) Waterway Industries Partial Balance Sheet (in millions) Assets S HO Type here to search O BI E 10:11 PM 9/11/2012 DOLL 3 5 6 7 W E R eSLIUI SUI 5 - / 10
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
