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Question 11 The following December 31,2024, fiscal year-end account balance information is available...

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Accounting

Question 11
The following December 31,2024, fiscal year-end account balance information is available for the XYZ Corporation:
Cash and cash equivalents
$5,800
Accounts receivable (net)
28,000
Inventory
68,000
Property, plant, and equipment (net)
160,000
47,000
Accounts payable
19,000
Salaries payable
140,000
Paid-in capital
The only asset not listed is short-term investments. The only liabilities not listed are $38,000 notes payable due in tw years and related accrued interest payable of $1,000 due in four months. The current ratio at year-end is 1.6:1.
Required:
Determine the following at December 31,2024:
Total Current assets:
Short-term investments
Retained earnings
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