Selected condensed data taken from a recent balance sheet of Heidebrecht Inc. are as follows: HEIDEBRECHT INC.
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Question:
Selected condensed data taken from a recent balance sheet of Heidebrecht Inc. are as follows:
HEIDEBRECHT INC. Balance Sheet (partial)
Cash | $8,060,000 | ||
Short-term investments | $4,900,000 | ||
Accounts receivable | $12,370,000 | ||
Inventory | $14,930,000 | ||
Other current assets | $5,440,000 | ||
Total current assets | $45,700,000 | ||
Total current liabilities | $39,890,000 |
What are the (a) working capital, (b) current ratio, and (c) acid-test ratio?
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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