14 Elli Company reports the following year-end balance sheet data. The company's current ratio equals:$ 52,000 Current liabilities67,000 Long-term liabilities72,000 Common stock.CashAccounts receivableInventoryEquipmentTotal assets157,000 Retained earnings$ 348,000 Total liabilities and equity$ 87,00050,000112,00099,000$ 348,000

Elli Company reports the following year-end balance sheet data. The company's current ratio equals: Cash Accounts receivable Inventory Equipment Total assets $ 52,000 Current liabilities 67,000 Long-term liabilities 72,000 Common stock 157,000 Retained earnings $ 348,000 Total liabilities and equity $ 87,000 50,000 112,000 99,000 $ 348,000

Elli Company reports the following year-end balance sheet data. The company's current ratio equals: Cash Accounts receivable Inventory Equipment Total assets $ 52,000 Current liabilities 67,000 Long-term liabilities 72,000 Common stock 157,000 Retained earnings $ 348,000 Total liabilities and equity $ 87,000 50,000 112,000 99,000 $ 348,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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