# 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 ## Answers #### Similar Solved Questions 1 answer ##### Propose a high yield route for the following transformations Propose a high yield route for the... Propose a high yield route for the following transformations Propose a high yield route for the following transformations... 1 answer ##### Which measure best represents data Which measure best represents data... mean, median or mode?Thank you!! :)1234... 1 answer ##### Is when the upper jaw is wider than the lower jaw. O A. Brachygnathism OB. Carnassial... is when the upper jaw is wider than the lower jaw. O A. Brachygnathism OB. Carnassial O C. Masticatory OD. Anisognathism... 1 answer ##### Part A 40 Ar, Enter your answers numerically separated by commas. P, n, e- Submit Incorrect;... Part A 40 Ar, Enter your answers numerically separated by commas. P, n, e- Submit Incorrect; Try Again; 6 attempts remaining; no points deducted Your answer does not have the correct number of comma-separated terms. X Part B 65Zn, Enter your answers numerically separated by commas. P, n, e- Submit R... 2 answers ##### What is an insoluble substance? What is an insoluble substance?... 1 answer ##### Consider someone who has an income of$100 and consumes food and other goods. The two...
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