Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the pioneer company has provided the following acc

The Pioneer Company has provided the following account balances: Cash $39,000; Short-term investments $5,000; Accounts...

80.2K

Verified Solution

Question

Accounting

The Pioneer Company has provided the following account balances: Cash $39,000; Short-term investments $5,000; Accounts receivable $7,000; Supplies $53,000; Long-term notes receivable $3,000; Equipment $101,000; Factory Building $190,000; Intangible assets $7,000; Accounts payable $29,000; Accrued liabilities payable $3,500; Short-term notes payable $16,000; Long-term notes payable $97,000; Common stock $190,000; Retained earnings $69,500. What is Pioneer's current ratio?

2.14

1.05

2.31

3.20

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A car travels 87 miles north andthen 114 miles west.What is the angle of the...

Calculus
Q

Medical research has shown that repeated wrist extension beyond 20 degrees increases the risk of wrist...

Statistics
Q

How are the requirements for a design project developed?

Mechanical Engineering
Q

How should our government (local, state, and federal) assist entrepreneurs in creating new jobs? Entreprenshp/Sm Bus Mgmt

General Management
Q

15 A small object is placed 20 cm in front of a block of glass...

Physics
Q

Let dy 0

Calculus
Q

Use synthetic division to show that x is a solution of the equation and use...

Algebra
Q

*Problem 23-1A Rogen Corporation manufactures a single product. The standard cost per unit of product...

Accounting
Q

when two clerks share the same cash register it is a violation of which internal...

Accounting
Q

The following totals are used to create a CVP Income Statement for Frederick Company for...

Accounting
Q

Chart of accounts must be prepared in both computerized accounting systems and manual accounting system.Do...

Accounting
Q

Suppose you are the money manager of a $4.37 million investment fund. The fund consists...

Finance