Calculate the amount of working capital and current ratio, Accounting Basics

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Calculate the amount of working capital and current ratio

Harrisonburg Company had current and total assets of $450,000 and $1,000,000, respectively. The company's current and total liabilities were $267,000 and $600,000, respectively. Calculate the amount of working capital and the current ratio using this information.

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Accounting Basics: Calculate the amount of working capital and current ratio

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Accounting Basics: Calculate the amount of working capital and current ratio

Reference No:- TGS055916

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Net operating profit margin

Q : Statement pertinent to federal agencies

Q : Difference between the current and temporal method

Q : Compare the trend percentages

Q : Calculate the amount of working capital and current ratio

Q : Calculate balance in retained earnings at the time change

Q : What is the activity variance for revenue

Q : Calcuations of the total effect of the errors on net income

Q : Prepare a five-year table to amortize the discount

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Calculate the amount of working capital and current ratio

Reference No:- TGS055916

Recent Questions Asked Accounting Basics

Q : Net operating profit margin

Q : Statement pertinent to federal agencies

Q : Difference between the current and temporal method

Q : Compare the trend percentages

Q : Calculate the amount of working capital and current ratio

Q : Calculate balance in retained earnings at the time change

Q : What is the activity variance for revenue

Q : Calcuations of the total effect of the errors on net income

Q : Prepare a five-year table to amortize the discount

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