Firm W has accounts receivable of $4,100, cash of $3,500, property, plant, and equipment of $30,200, merchandise inventory of $2,200, accounts payable of $5,700, other accrued liabilities of $1,300, common stock of $10,000, and retained earnings of $23,000.Required:
Calculate Firm W's working capital and current ratio.

Question

Quizplus · Accepted Answer

The Answer of Firm W has accounts receivable of $4,100, cash of $3,500, property, plant, and equipment of $30,200, merchandise inventory of $2,200, accounts payable of $5,700, other accrued liabilities of $1,300, common stock of $10,000, and retained earnings of $23,000.Required:
Calculate Firm W's working capital and current ratio.

Firm W Has Accounts Receivable of $4,100, Cash of $3,500