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TB MC Qu. 04-134 Use the information in the adjusted... Use the information...

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Accounting

TB MC Qu. 04-134 Use the information in the adjusted...

Use the information in the adjusted trial balance presented below to calculate the current ratio for Taron Company:

Account Title Dr Cr
Cash $ 32,000
Accounts receivable 19,000
Prepaid insurance 7,800
Equipment 130,000
Accumulated depreciationEquipment $ 65,000
Land 98,000
Accounts payable 20,000
Interest payable 3,150
Unearned revenue 5,900
Long-term notes payable 39,000
Z. Taron, Capital 153,750
Totals $ 286,800 $ 286,800

Multiple Choice

  • 2.02.

  • 0.49.

  • 3.37.

  • 1.92.

  • 1.76.

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