loadabl elex tbook nent CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VER

Question

loadabl elex tbook nent CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION Whispering Winds Corp. Balance Sheet December 30, 2017 Current assets $26,300 Cash Accounts receivable Prepaid insurance 31,600 6,000 63,900 201,800 $265,700 Equipment (net) Total assets Current liabilities Accounts payable $21,300 Salaries and wages payable 11,600 32,900 Long-term liabilities 81,000 113,900 Notes payable Total liabilities Stockholders' equity 100,000 Common stock 51,800 151,80o $265,700 Retained earnings Total liabilities and stockholders equity Calculate the current ratio and working capital based on the preliminary balance sheet. (Round Current Ratio to 1 dec place, e.g.0.7: 1.) (a) SAMSUNG

Explanation / Answer

a Current assets 63900 b Current liabilities 32900 c= a/b Current ratio          1.94 c= a-b working capital 31000

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