Question 11 The following December 31,2024, fiscal year-end account balance information is available...
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Accounting
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The following December fiscal yearend account balance information is available for the XYZ Corporation:
Cash and cash equivalents
$
Accounts receivable net
Inventory
Property, plant, and equipment net
Accounts payable
Salaries payable
Paidin capital
The only asset not listed is shortterm investments. The only liabilities not listed are $ notes payable due in two years and related accrued interest payable of $ due in four months. The current ratio at yearend is :
Required:
Determine the following at December :
Total Current assets:
Shortterm investment
Retained earnings
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