Use the following information to compute the current ratio: Accounts Payable . . . . . .
Question:
Accounts Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,700
Paid-In Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,650
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 750
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,500
Accrued Wages Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150
Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,300
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Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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