Question 16 1 pts Use the following information for the next three items. The balance sheet...

Question 16 1 pts

Use the following information for the next three items.

The balance sheet of Y Company showed the following:

Accounts payable	P145,000
Accounts receivable	110,000
Accrued liabilities	4,000
Cash	80,000
Income tax payable	10,000
Inventory	140,000
Marketable securities	250,000
Notes payable, short-term	85,000
Prepaid expenses	15,000

The amount of working capital for the company is

Group of answer choices

P211,000

P351,000

P336,000

P361,000

Question 171 pts

The company’s current ratio as of the balance sheet date is

Group of answer choices

2.44:1

2.02:1

1.95:1

2.67:1

Question 18 1 pts

The company’s acid-test ratio as of the balance sheet date is

Group of answer choices

2.02:1

1.80:1

2.40:1

1.76:1

Solutions

Expert Solution

ekkarill92 answered 1 year ago

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