Coglin, Inc ​
A)Determine Coglin's Current Ratio and Working Capital

question 19

Essay

Coglin, Inc.incurred a net loss of $20,000 for 2016.The balance sheet at December 31, 2016, for Coglin, Inc., includes the following items: $$\begin{array} { l r } \text { Cash } & \$ 23,000 \\\text { Accounts receivable } & 13,000 \\\text { Inventory } & 45,000 \\\text { Frepaid insurance } & 1,000 \\\text { Land } & 14,000 \\\text { Building } & 80,000 \\\text { Accounts payable } & 55,000 \\\text { Salaries payable } & 2,000 \\\text { Capital stock } & 100,000 \\\text { Retained earnings } & 25,000\end{array}$$ ​
A)Determine Coglin's current ratio and working capital.
B)Beyond the information provided in your answers to "A," what does the composition of Coglin's current assets tell you about its liquidity.
C)What other information would one need to fully access Coglin's liquidity?

• A)Determine Coglin's current ratio and working capital.
• B)Beyond the information provided in your answers to "A," what does the composition of Coglin's current assets tell you about its liquidity.
• C)What other information would one need to fully access Coglin's liquidity?

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Class Consciousness

The awareness and understanding of one's place in a system of social classes, especially as it relates to the struggle between those classes.

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A framework derived from the works of Karl Marx, focusing on the conflict between classes, the role of labor, and the critique of capitalism.

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The awareness shared by individuals within a society regarding social inequality, injustice, and the need for social change.