College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN: 9781337280570
Author: Scott, Cathy J.
Publisher: South-Western College Pub
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Chapter 12, Problem 2PB

Here is the partial work sheet for Meyer Mountain Shop.

Chapter 12, Problem 2PB, Here is the partial work sheet for Meyer Mountain Shop. Required 1. Prepare a statement of owners

Required

  1. 1. Prepare a statement of owner’s equity (no additional investment).
  2. 2. Prepare a balance sheet.
  3. 3. Determine the amount of the working capital.
  4. 4. Determine the current ratio (carry to two decimal places).

Check Figure

Working capital, $73,602

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Kayco Company reports current assets of $6,076, and current liabilities of $2,422. Calculate the current ratio and the working capital. Do not enter dollar signs or commas in the input boxes.Round your answer to 2 decimal places.Current Ratio = AnswerWorking Capital = $Answer
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College Accounting (Book Only): A Career Approach

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