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Several accounts that appeared on Kruses 2010 balance sheet are as follows:
The accounts in the ledger of Monroe Entertainment Co. are listed in alphabeti
September 15, 2020Assume that you are 10 years into a 30 year home loan at 5.3%. You owe $280000
September 15, 2020Several accounts that appeared on Kruses 2010 balance sheet are as follows:
Accounts payable 55000
marketable securities 40000
accounts recievable 180000
notes payable 12% due in 60 days 20000
capital stock 1150000
salaries payable 10000
cash 15000
equipment 950000
taxes payable 15000
retained earnings 250000
inventory 85000
allowance for doubtful accounts 20000
land 600000
1. Prepare the current liabilities section of Kruses 2010 balance sheet
2. compute Kruses working capital
3. compute kruses current ratio. What does this ratio indicate about kruses condition?
