Beruflich Dokumente
Kultur Dokumente
$
Accounts Payable 47,000
Accounts Receivable 28,000
Opening Owners Equity 439,000
Cash 74,000
Cost of Goods Sold 151,000
Fuel Expenses 12,000
Accumulated Depreciation on Building 225,000
Inventory 81,000
Short Term Loan Payable 10,000
Interest Expense 4,000
Other Income 26,000
Marketing Costs 19,000
Plant and Equipment 112,000
Retained Earnings 93,000
Short Term Investment 71,000
Credit Sales (Revenues) 381,000
Cash Sales (Revenues) 75,000
Factory Workers' Wages expense 47,000
CEO Salary 161,000
Property Rates Expense 13,000
Building (Cost) 432,000
Factory Machinery 251,000
Delivery Van 28,000
Long Term Debt 236,000
Dividends Paid 48,000
Credit Sales (Revenue) 381,000
Cash Sales (Revenue) 75,000
Cost of goods sold -151,000
Gross profit 305,000
Less expenses
5. Acid - Test Ratio = Cash + Short Term Investments + Receivables / Current Liab
= 3.035
= 0.2887 or 28.87%
s / Current Liab