Harding Company
Accounts payable
$40,000
Accounts receivable
65,000
Accrued liabilities
7,000
Cash
30,000
Intangible assets
40,000...
Harding Company
Accounts payable
$40,000
Accounts receivable
65,000
Accrued liabilities
7,000
Cash
30,000
Intangible assets
40,000
Inventory
72,000
Long-term investments
110,000
Long-term liabilities
75,000
Marketable securities
36,000
Notes payable (short-term)
30,000
Property, plant, and equipment
625,000
Prepaid expenses
2,000
What is the amount of working capital?
a.$238,000
b.$128,000
c.$203,000
d.$168,000
14.
Use the information below for Privett Company to answer the
question that follow.
Privett Company...
14.
Use the information below for Privett Company to answer the
question that follow.
Privett Company
Accounts payable
$ 30,000
Accounts receivable
35,000
Accrued liabilities
7,000
Cash
25,000
Intangible assets
40,000
Inventory
72,000
Long-term investments
100,000
Long-term liabilities
75,000
Marketable securities
36,000
Notes payable (short-term)
20,000
Property, plant, and equipment
400,000
Prepaid expenses
2,000
Based on the data for Privett Company, what is the amount of quick
assets?
a. $168,000
b. $60,000
c. $96,000
d. $61,000
Privett Company
Accounts payable
$35,172
Accounts receivable
61,830
Accrued liabilities
6,449
Cash
18,199
Intangible assets
36,789...
Privett Company
Accounts payable
$35,172
Accounts receivable
61,830
Accrued liabilities
6,449
Cash
18,199
Intangible assets
36,789
Inventory
85,546
Long-term investments
93,954
Long-term liabilities
72,236
Marketable securities
37,578
Notes payable (short-term)
20,447
Property, plant, and equipment
668,167
Prepaid expenses
1,246
Based on the data for Privett Company, what is the amount of
quick assets?
a.$1,608,400
b.$55,777
c.$809,490
d.$117,607
Based on the following data, what is the amount of working
capital?
Accounts payable
$62720
Accounts...
Based on the following data, what is the amount of working
capital?
Accounts payable
$62720
Accounts receivable
111720
Cash
68600
Intangible assets
98000
Inventory
135240
Long-term investments
156800
Long-term liabilities
196000
Short-term investments
78400
Notes payable (short-term)
54880
Property, plant, and equipment
1313200
Prepaid insurance
1960
$278320
$325360
$362600
$319480
The Blue Company has provided the following account
balances:
Cash $380,000
Short-term investments $40,000
Accounts receivable...
The Blue Company has provided the following account
balances:
Cash $380,000
Short-term investments $40,000
Accounts receivable $60,000
Inventory $480,000
Long-term notes receivable $20,000
Equipment $960,000
Factory Building $1,800,000
Intangible assets $60,000
Accounts payable $300,000
Accrued liabilities payable $40,000
Short-term notes payable $95,000
Income taxes payable $55,000
Long-term notes payable $920,000
Stockholders’ equity $2,400,000
What is Blue's current ratio?
Your answer is partially correct. Try again.
Presented below are selected accounts of Wildhorse Company at...
Your answer is partially correct. Try again.
Presented below are selected accounts of Wildhorse Company at
December 31, 2020.
Inventory (finished goods)
$ 59,800
Cost of Goods Sold
$2,113,900
Unearned Service Revenue
94,800
Notes Receivable
40,400
Equipment
261,700
Accounts Receivable
170,720
Inventory (work in process)
43,100
Inventory (raw materials)
183,830
Cash
40,000
Supplies Expense
55,820
Debt Investments (trading)
39,500
Allowance for Doubtful Accounts
12,420
Customer Advances
54,800
Licenses
16,580
Restricted Cash for Plant Expansion
59,500
Additional Paid-in Capital
80,630
Treasury...
Denna Company’s
working capital accounts at the beginning of the year follow:
Cash
$
66,000
Marketable...
Denna Company’s
working capital accounts at the beginning of the year follow:
Cash
$
66,000
Marketable
securities
$
26,800
Accounts
receivable, net
$
340,400
Inventory
$
449,600
Prepaid
expenses
$
7,200
Accounts
payable
$
192,800
Notes due within
one year
$
92,000
Accrued
liabilities
$
56,400
During the year, Denna
Company completed the following transactions:
Paid a cash dividend previously declared,
$26,000.
Issued additional shares of common stock for cash,
$192,000.
Sold inventory costing $66,800 for $96,000, on
account.
Wrote...
Use the following to answer questions 1 – 7:
Marcalo Company has the following partial Financial...
Use the following to answer questions 1 – 7:
Marcalo Company has the following partial Financial Statement
accounts
(dollars in thousands)
Year
2
Year 1
Cash and marketable
securities
200
180
Accounts
Receivable
190
160
Inventory
120
120
Prepaid
Expenses
70
80
Plant and
Equipment
1,850
1,790
Accounts
Payable
170
170
Accrued Short-Term
Liabilities
60
60
Notes Payable,
Short-Term
130
130
Bonds
Payable
490
500
Sales
2,130
Cost of Goods
Sold
1,490
Compute the following: (Show your work)
1....
Match the account titles with the proper financial statement
classification:
A Current Assets E
B Long-Term...
Match the account titles with the proper financial statement
classification:
A Current Assets E
B Long-Term Investments F
C Property, Plant, and Equipment G
Long-Term Liabilities Equity
Revenue
Expenses
D Current Liabilities
H
Inventory
Accounts Payable
Notes Payable in Ten Years Accrued Payroll
Interest Income
Accounts Receivable
Fund Balancing (Working Capital) Restricted Donations
Land (Used in operations)
Cash
Office Supplies Expense
Payroll Taxes Payable
The following data are taken from the balance sheet at the end
of the current year:...
The following data are taken from the balance sheet at the end
of the current year:
Cash
$154,000
Accounts receivable
210,000
Inventory
240,000
Prepaid expenses
15,000
Temporary investments
350,000
Property, plant, and equipment
375,000
Accounts payable
245,000
Accrued liabilities
4,000
Income tax payable
10,000
Notes payable, short-term
85,000
Determine the (a) working capital, (b) current ratio, and (c)
quick ratio. Round ratios to one decimal place.
a. Working Capital
$
b. Current Ratio
c. Quick Ratio