Question: Dul ormat of Foreign ollowing is a balance sheet presented in standaliuU dard British format Don't worry about differences in terminology; use the Balarce US.
Dul ormat of Foreign ollowing is a balance sheet presented in standaliuU dard British format Don't worry about differences in terminology; use the Balarce US. lve mation in the British format. $ 500 $ 2,500 $ 8,000 Current Assets 2,000 nventory.... Noncurrent Assets Property, plant, and equipment. Long-term investments 1,700 9,700 $12,200 Total noncurrent assets Current Liabilities: S 300 1,100 $ 1,400 Accounts payable Noncurrent Liabilities 3,000 Stockholders' Equity $ 50 Additional paid-n capital Retained earnings 2,000 5,750 Total stockholders' equity otal liabilities and stockholders' equity $ 7,800 $12,200 Current Ratio Use the following information to compute the current ratio: Accounts Payable Paid-in Capital Cash Sales Accrued Wages Payable. $3,700 3,650 750 9,500 150 6,300 Quick Ratio Use the Dul ormat of Foreign ollowing is a balance sheet presented in standaliuU dard British format Don't worry about differences in terminology; use the Balarce US. lve mation in the British format. $ 500 $ 2,500 $ 8,000 Current Assets 2,000 nventory.... Noncurrent Assets Property, plant, and equipment. Long-term investments 1,700 9,700 $12,200 Total noncurrent assets Current Liabilities: S 300 1,100 $ 1,400 Accounts payable Noncurrent Liabilities 3,000 Stockholders' Equity $ 50 Additional paid-n capital Retained earnings 2,000 5,750 Total stockholders' equity otal liabilities and stockholders' equity $ 7,800 $12,200 Current Ratio Use the following information to compute the current ratio: Accounts Payable Paid-in Capital Cash Sales Accrued Wages Payable. $3,700 3,650 750 9,500 150 6,300 Quick Ratio Use the
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