FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Yorkland Company has total assets of $250,00, of which
noncurrent assets amount to $140,000. The company
also has total liabilities of $130,000, of which $80,000 are
long-term liabilities. Calculate (a) working capital and (b)
current ratio.
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Transcribed Image Text:Yorkland Company has total assets of $250,00, of which noncurrent assets amount to $140,000. The company also has total liabilities of $130,000, of which $80,000 are long-term liabilities. Calculate (a) working capital and (b) current ratio.
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