12/31/2018 12/31/2019 Accounts payable $2,500 $6,400 Accounts receivable 3,500 8,500 Cash 4,700 19,000 Prepaid advertising 1,600 4,200 Utilities payable 1,000 6,700 Wages payable 1,800 9,100 Using the...

12/31/2018<br>12/31/2019<br>Accounts payable<br>$2,500<br>$6,400<br>Accounts receivable<br>3,500<br>8,500<br>Cash<br>4,700<br>19,000<br>Prepaid advertising<br>1,600<br>4,200<br>Utilities payable<br>1,000<br>6,700<br>Wages payable<br>1,800<br>9,100<br>Using the above account balances, compute working capital and current ratio.<br>Round

Extracted text: 12/31/2018 12/31/2019 Accounts payable $2,500 $6,400 Accounts receivable 3,500 8,500 Cash 4,700 19,000 Prepaid advertising 1,600 4,200 Utilities payable 1,000 6,700 Wages payable 1,800 9,100 Using the above account balances, compute working capital and current ratio. Round "Current ratio" answers to two decimal places. 12/31/2018 12/31/2019 A. Working capital $4 B. Current ratio

Jun 03, 2022

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12/31/2018 12/31/2019 Accounts payable $2,500 $6,400 Accounts receivable 3,500 8,500 Cash 4,700 19,000 Prepaid advertising 1,600 4,200 Utilities payable 1,000 6,700 Wages payable 1,800 9,100 Using the...

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