ExtraCredit17-3B

ExtraCredit17-3B - 19-Jun Bal 440,000 233,000 450,000 0.98...

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Problem 17 - 3B Transaction Current Assets Quick Assets Current Liabilities Current Ratio Beginning $300,000 $168,000 $120,000 2.5 1-Jun 120,000 120,000 -75,000 _______ ________ ____ Bal. 345,000 288,000 120,000 2.88 3-Jun 88,000 88,000 -88,000 -88,000 ________ ____ Bal. 345,000 288,000 120,000 2.88 5-Jun 150,000 ________ 150,000 ____ Bal. 495,000 288,000 270,000 1.83 7-Jun 100,000 100,000 100,000 ____ Bal. 595,000 388,000 370,000 1.61 10-Jun 120,000 120,000 _______ ____ Bal. 715,000 508,000 370,000 1.93 12-Jun -275,000 -275,000 ________ ____ Bal. 440,000 233,000 370,000 1.19 15-Jun ________ ________ 80,000 ____ Bal. 440,000 233,000 450,000 0.98
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Unformatted text preview: 19-Jun ________ ____ Bal. 440,000 233,000 450,000 0.98 22-Jun-12,000-12,000-12,000 ____ Bal. 428,000 221,000 438,000 0.98 30-Jun-80,000-80,000-80,000 ____ Bal. $348,000 $141,000 $358,000 0.97 Acid-test Ratio Working Capital 1.4 $180,000 ____ _______ 2.4 225,000 ____ _______ 2.4 225,000 ____ _______ 1.07 225,000 ____ _______ 1.05 225,000 ____ _______ 1.37 345,000 ____ _______ 0.63 70,000 ____ _______ 0.52-10,000 ____ _______ 0.52-10,000 ____ _______ 0.5-10,000 ____ _______ 0.39-10,000...
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ExtraCredit17-3B - 19-Jun Bal 440,000 233,000 450,000 0.98...

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