The Core Company Had the Following Assets and Liabilities as of December

question 153

Essay

The Core Company had the following assets and liabilities as of December 31:
$\begin{array}{|l|r|}\hline \text { ASSETS }\\\hline \text { Cash } & \$ 58,000 \\\hline \text { Accounts receivable } & 25,000 \\\hline \text { Inventory } & 20,000 \\\hline \text { Equipment } & 50,000\\\hline\\\hline \text { LIABILITIES }\\\hline \text { Current portion of long-term debt } & 20,000 \\\hline \text { Accounts payable } & 12,000 \\\hline \text { Long-term debt } & 25,000\\\hline\end{array}$
Calculate the current ratio,working capital,and quick ratio.

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Definitions:

Accommodations

Adjustments made in educational or workplace settings to support individuals with disabilities, ensuring equal access and opportunities.

Assimilation

A cognitive process in Jean Piaget's theory of cognitive development where new information or experiences are integrated into existing schemas or frameworks.

Accommodation

In cognitive development, the process of altering one's existing schemas or ideas as a result of new information or experiences.

Schema

A cognitive framework or concept that helps organize and interpret information, forming the basis of understanding experiences.