The following data are taken from the financial statements of Keanan Company as of the end of the year...

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The following data are taken from the financial statements of Keanan Company as of the end of the year 2017. The data are in alphabetical order (10 Marks) Accounts Payable. $28,000 48,000 Accounts Receivable 66.000 8,600 Cash 54,000 250,000 Other current liabilities... 17,000 200,000 Prepaid Insurance 2,000 5,000 Short term Investments..... 20,000 5,000 Instructions: Calculate Keanan Company's working capital current ratio, and acid-test ratio Show numbers for calculations. a. Working Capital a. Current Ratio: Profit Supplies Total assets.. Total liabilities. Wages payable Unearned Revenue

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To calculate Keanan Company s working capital current ratio and acid test ratio you ll need to use t View the full answer