The trial balance of Madison Company at December 31, 2013 is as follows: Required:
Use the trial balance of Madison Company to prepare the current assets and current liabilities sections of Madison's balance sheet at December 31, 2013. Calculate the current ratio at December 31, 2013. Show all calculations and round the ratio to two decimal places.

Question

The trial balance of Madison Company at December 31, 2013 is as follows:  Required:
Use the trial balance of Madison Company to prepare the current assets and current liabilities sections of Madison's balance sheet at December 31, 2013. Calculate the current ratio at December 31, 2013. Show all calculations and round the ratio to two decimal places.

Quizplus · Accepted Answer

The Answer of The trial balance of Madison Company at December 31, 2013 is as follows:  Required:
Use the trial balance of Madison Company to prepare the current assets and current liabilities sections of Madison's balance sheet at December 31, 2013. Calculate the current ratio at December 31, 2013. Show all calculations and round the ratio to two decimal places.

The Trial Balance of Madison Company at December 31, 2013