In computing the statement of financial position,some data was misplaced and they are attempting to reconstruct the missing data from that which is available.You know that total assets for the current year are $33,000.Non-current liabilities are $8,000 and Shareholders equity is $23,000.The current ratio is 2.50.Find the values for current assets,fixed assets and current liabilities.

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The Answer of In computing the statement of financial position,some data was misplaced and they are attempting to reconstruct the missing data from that which is available.You know that total assets for the current year are $33,000.Non-current liabilities are $8,000 and Shareholders equity is $23,000.The current ratio is 2.50.Find the values for current assets,fixed assets and current liabilities.

In Computing the Statement of Financial Position,some Data Was Misplaced