Use the Information That Follows from the Financial Statements of Pines

question 42

Essay

Use the information that follows from the financial statements of Pines Company at December 31, 2017, to answer questions 16 through 20 that follow.
$\begin{array}{lr}\text { Accounts payable } & \$ 2,000 \\\text { Accounts receivable } & 3,000 \\\text { Capital stock } & 8,000 \\\text { Cash } & 5,000 \\\text { Inventory } & 19,000 \\\text { Land } & 24,000 \\\text { Notes payable (short-term) } & 5,000 \\\text { Cost of goods sold } & 12,000 \\\text { Retained earnings } & 21,000 \\\text { Sales revenue } & 20,000\end{array}$
-Calculate the current ratio for Pines Company at December 31, 2017.

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Definitions:

Masculinity

A set of attributes, behaviors, and roles often associated with boys and men, as defined culturally and socially.

Immoral Act

An action that is considered to be wrong or unethical according to societal standards or moral principles.

Authority

The power or right to give orders, make decisions, and enforce obedience, often derived from a position of trust or leadership.

Glen Ridge

A small suburban township located in Essex County, New Jersey, United States.