QUESTION 24
mplete the calculations below using the given balance sheet items
Accounts payable
1,100
Accounts receivable
800
Accruals
400
Accumulated Depreciation
700
Cash
550
Common stock
2,500
Gross FA
9,000
Inventory
1,300
Long-term debt
3,300
Notes payable
1,250
Retained earnings
2,400
Calculate the amount of total current assets.
Calculate the amount of net fixed assets.
Calculate the amount of total liabilities.
Calculate the amount of total equity.
Calculate the current ratio (round using two decimal places):