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I need help figuring out the total current assets, liability and ratio. https://

ID: 2404251 • Letter: I

Question

I need help figuring out the total current assets, liability and ratio.

https://ww w mathxl.com Student playerHomework.aspx?homeworki 478480264&questio; 1d 10&flushed; false&cld; 4970676&back; DoAssignments asp ? ? ? c- : Apps The World Clock ..DAAA Driver Course.. Organizations Tab...https:/www.statcr...21 Financial Accounting-2301-10505 Summer 2018 Secure Connection in.. MyMathLab | Pears.. Sartoris Ward6/6/18 11:41 PM Google Maps Algebra Calculator... Band Save Homework: Hmwk CH 4 Score: 16.66 of 18 pts 13 of 14 (13 complete) HW Score: 78.66%, 78.66 of 100 pts E4-25 (similar to) Maurice's Bowling Alley's adjusted trial balance as of December 31, 2018, is presented below EE (Click the icon to view the adjusted trial balance.) Read the requirements 1 Data Table Office Supplies Prepaid Insurance Land 750 2,500 35,000 140,000 Maurice's Bowling Alley Adjusted Trial Balance December 31, 2018 Balance DebitCredit Account Title Cash Accounts Receivable Office Supplies Prepaid insurance Land Building S 8,000 $ 18,900 2,600 750 2,500 35,000 140,000 Equipment 49,000 Accounts Payable Utilities Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Total 21,000 3,900 710 3,700 900 109,000 101,540 $ 248,750 248,750 $ 8,000 Equipment 49,000 Accounts Payable Utlities Payable Salaries Payable Unearned Revenue Common Stock 21,000 3,900 710 3,700 900 109,000 Requirement 3. Compute the current ratio for Maurice's Bowling Alley Select the labels, enter the amounts, then compute the current ratio. (Round your answer to two decimal places.) Total current assetsTotal cuirrent liabilities Current ratio Choose from any list or enter any number in the input fields and then click Check Answer Print Done All parts showing Clear All Check Answer

Explanation / Answer

Total current assets = 18900+2600+750+2500= $24750 Total current liabilities = 3900+710+3700+900= $9210 Current ratio = 24750/9210= 2.69

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