The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation:
Cash and cash equivalents $6,900
Accounts receivable (net) 39,000
Inventory 79,000
Property, plant, and equipment (net) 215,000
Accounts payable 58,000
Salaries payable 19,000
Paid-in capital 195,000
The only asset not listed is short-term investments. The only liabilities not listed are $49,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is 1.7:1.
Required:
Determine the following at December 31, 2021:
1. Total current assets
2. Short-term investments
3. Retained earnings
Answers: 1
Business, 21.06.2019 19:50, Pookaapoo8832
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Business, 22.06.2019 08:00, maddison788
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Answers: 1
Business, 22.06.2019 11:20, angeline2004
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Answers: 3
Business, 22.06.2019 15:30, barstr9146
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