Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. use the information in the adjusted trial balance

Use the information in the adjusted trial balance presented below to calculate the current ratio...

60.1K

Verified Solution

Question

Accounting

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

Account Title Dr Cr
Cash $ 50,000
Accounts receivable 25,000
Prepaid insurance 10,200
Equipment 190,000
Accumulated depreciationEquipment $ 95,000
Land 104,000
Accounts payable 26,000
Interest payable 4,650
Unearned revenue 7,700
Long-term notes payable 57,000
Z. Taron, Capital 188,850
Totals $ 379,200 $ 379,200

Multiple Choice

  • 2.71.

  • 2.12.

  • 2.22.

  • 1.96.

  • 0.45.

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

Chapter 5: Ground Rules of Metabolism * Section 5.1 – Life Runs on Energy o Describe what...

Biology
Q

(a) What potential difference must be applied to stop the fastest photoelectrons emitted by a nickel...

Physics
Q

A long solenoid with 1.65 103 turns per meter and radius 2.00 cm carries an oscillating...

Physics
Q

Briefly compare and contrast Trapezoid Rule and Simpson’s Rule. Talk about the ways in which they...

Advance Math
Q

How many cells are produced by one cell undergoing meiosis?4152

Biology
Q

3 What do you think are your biggest stressors as a tee

Biology
Q

c Rewrite the addition 4 UT A W A W A W P 34 01...

Algebra
Q

6 36x2 25

Algebra
Q

Answer question no 3 only, Answer within 1 hours 30 mint , i will give...

Accounting
Q

EXERCISE 36 Schedules of Cost of Goods Manufactured and Cost of Goods Sold [LO36] Primare...

Accounting
Q

Value of stock difference between Absorption costing and Marginal costing? "write...

Accounting
Q

Mr. Ali wants to invest his savings in different securities. He has obtained following information...

Finance