10 Nov Using the following accounts and balances taken fr
Using the following accounts and balances taken from a year-end balance sheet, compute working capital and the current ratio: Accounts Payable .. $3,500 Accounts Receivable .. 5,000 Cash . 2,000 Marketable Securities . 1,000 Merchandise Inventory . $ 6,000 Notes Payable in Three Years 6,500 Owner’s Capital .. 24,000 Property, Plant, and Equipment .. 20,000
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