Use the information below to answer these questions: cash -
Use the information below to answer these questions: cash - $20000, A/R - $70000, Inventory - $100000, ,
A/P - $160000, Bonds payable (long term debt) ? $400000, common stock (outstanding shares 1000) ? $30000, retained earning - $180000, fixed assets - $580000. 1.From the information above, calculate Total Current Assets. 2. From the information above, calculate Total Current Liabilities. 3. From the information above, calculate Total Assets. 4. From the information above, calculate Total Owners Equity. 5. From the information above, calculate Total Long Term Liabilities. 6. From the information above, calculate Total Liabilities and Owners Equity. 7. From the above information, calculate the Current Ratio. 8. Calculate the Quick Ratio. Based on the Current Ratio and Quick Ratio, would you extend credit to this company on a short term basis. Provide your reasoning. 10. If the Company's Net Income for the year was $30,000, calculate the Company's Earnings Per Share. 11. The Company's Ending Retained Earnings was $180,000 at the end of the year. If it paid no dividends and had Net Income of $30,000 for the year, what was its beginning Retained Earnings balance?,
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