Firm O has accounts receivable of $59,000, cash of $28,600, property, plant, and equipment of $460,000,...

 

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Firm O has accounts receivable of $59,000, cash of $28,600, property, plant, and equipment of $460,000, merchandise inventory of $48.800, accounts payable of $23,500, other accrued liabilities of $8,900, common stock of $390,000, and retained earnings of $174,000. Required: Calculate Firm N's working capital and current ratio. Working Capital Current Ratio = Working Capital Current Ratio Firm O has accounts receivable of $59,000, cash of $28,600, property, plant, and equipment of $460,000, merchandise inventory of $48.800, accounts payable of $23,500, other accrued liabilities of $8,900, common stock of $390,000, and retained earnings of $174,000. Required: Calculate Firm N's working capital and current ratio. Working Capital Current Ratio = Working Capital Current Ratio

Answer rating: 100% (QA)

To calculate Firm Ns working capital and current ratio you can use the following formulas 1 Working ... View the full answer