On March 31st, Mizaels had an inventory of $50,000, prepaid expenses of $25,000, cash $30,000, furniture and
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Question:
On March 31st, Mizael’s had an inventory of $50,000, prepaid expenses of $25,000, cash $30,000, furniture and equipment valued at $35,000, they currently hold accounts payable of $7,600 and unrestricted net assets of $60,000.
Based on this information, calculate the following:
- Net Current Assets
- Long-term Assets
- Total Assets
- Total Current Liabilities
- Total Net Assets
- Total Liabilities and Net Assets
- Current Ratio
- Quick Ratio
- Net Working Capital
Expert Answer:
Lets calculate the various financial metrics based on the provided information 1 Net Current Assets ... View the full answer
Related Book For 
Interpreting and Analyzing Financial Statements
ISBN: 978-0132746243
6th edition
Authors: Karen P. Schoenebeck, Mark P. Holtzman
Posted Date:
