1 answer

Table 19-1 Brandon Company reported the following information for 20x6 and 20x7 20X7 data Net sales...

Question:

Table 19-1 Brandon Company reported the following information for 20x6 and 20x7 20X7 data Net sales revenue $950,000 Cost of sales 630,000 Total assets as of December 31 525,000 Current liabilities 25,000 Shareholders equity on December 31 395,000 Selling and general expenses 230,000 Interest expense 20,000 Profit 70,000 Current assets 60,000 20x6 data Current liabilities$ 20,000 Total assets on December 31 500,000 Shareholders equity on December 31 275,000 Current assets 55,000 Refer to Table 19-1. The current ratio for 20X7 is: Select one: b. .36 C.2.75 d.2.40
Refer to Table 19-1. Working capital for 20X6 is: Select one: a. $75,000 O b. $35,000 C. $480,000 d. $445,000
Refer to Table 19-1. If inventory and prepaid expenses account for $20,000 of the 20X7 current assets acid-test ratio for 20X7 is: Select one: a. 2.4 b. 1.6 С. .63 O d. .42
Table 19-1 Brandon Company reported the following information for 20x6 and 20x7 20X7 data Net sales revenue $950,000 Cost of sales 630,000 Total assets as of December 31 525,000 Current liabilities 25,000 Shareholders' equity on December 31 395,000 Selling and general expenses 230,000 Interest expense 20,000 Profit 70,000 Current assets 60,000 20x6 data Current liabilities$ 20,000 Total assets on December 31 500,000 Shareholders' equity on December 31 275,000 Current assets 55,000 Refer to Table 19-1. The current ratio for 20X7 is: Select one: b. .36 C.2.75 d.2.40
Refer to Table 19-1. Working capital for 20X6 is: Select one: a. $75,000 O b. $35,000 C. $480,000 d. $445,000
Refer to Table 19-1. If inventory and prepaid expenses account for $20,000 of the 20X7 current assets acid-test ratio for 20X7 is: Select one: a. 2.4 b. 1.6 С. .63 O d. .42

Answers

Dete assets (2012 60.000 25 D0O iabilihes 35000 tion is the Crsect amiuses StSron Quse 2013 25000

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