Given partial data from the balance sheet of Volunteer Tech Engineering: $200,00
ID: 1100084 • Letter: G
Question
Given partial data from the balance sheet of Volunteer Tech Engineering:
$200,000
90,000
300,000
400,000
16,000
630,000
180,000
Cash$200,000
Marketable securities90,000
Accounts receivable300,000
Retailers inventories400,000
Prepaid expenses16,000
Accounts payable630,000
Other liabilities to date180,000
Given partial data from the balance sheet of Volunteer Tech Engineering, calculate working capital. Given partial data from the balance sheet of Volunteer Tech Engineering, calculate (ii) current ratio. Given partial data from the balance sheet of Volunteer Tech Engineering, calculate (iii) acid test ratio.Explanation / Answer
400,000
16,000
630,000
Retailers inventories400,000
Prepaid expenses16,000
Accounts payable630,000
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