Question: explain with equation USE THE FOLLOWING BALANCE SHEET TO ANSWER 15, 16, and 17. Corona Company's balance sheet accounts follow: Total liabilities and equity $449,206$385,680$321,400
USE THE FOLLOWING BALANCE SHEET TO ANSWER 15, 16, and 17. Corona Company's balance sheet accounts follow: Total liabilities and equity $449,206$385,680$321,400 15. Using Corona Company's balance sheet, what is their current ratio for 2011 ? A. 1.96 B. 2.32 C. 1.07 D. 1.92 16. What is Corona Company's accounts receivable turnover ratio for 2010 assuming net sales for the period were $1,236,783 ? A. 27.21 B. 25.99 C. 22.91 D. 30.05
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