Unformatted text preview: current ratio, and quick ratio. Based on your calculations, does it appear that the company is experiencing liquidity problems? Accumulated Depreciation R 4,569,000 Prepaid Rent 45,800 Note Payable (due in 3 months) 100,000 Accounts Receivable 468,000 Accounts Payable 255,000 Patent 3,000,000 Cash 790,000 Supplies 134,800 Unearned Revenues 133,000 Equipment 8,777,600 Interest Payable 45,000 Loan Payable (due in 3 years) 1,500,000...
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- Spring '11
- Accounting, Generally Accepted Accounting Principles, Nkululeko J. Ntshanga, liquidity problems, manganese ore mining, address liquidity problems