Halbur Company Reported Total Assets of $150,000,current Assets of $60,000,and

question 91

Essay

Halbur Company reported total assets of $150,000,current assets of $60,000,and total stockholders' equity of $60,000 and noncurrent liabilities of $65,000.
Requirements (show computations):
1.Compute working capital.
2.Compute the current ratio.

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Definitions:

Prices Received

refers to the amount of money that sellers receive for their goods or services in the market.

Parity Ratio

A ratio used to compare the value of one thing to another, such as the price of a commodity to the price of a set of other goods or incomes.

Prices Received

The amount of money sellers actually receive for the goods or services they sell, after discounts, allowances, and deductions.

Prices Paid

The amount of money spent by purchasers to acquire goods and services.