question archive View Policies Current Attempt in Progress Oriole SA had the following transactions occur involving current assets and current liabilities during February 2020
View Policies Current Attempt in Progress Oriole SA had the following transactions occur involving current assets and current liabilities during February 2020
Subject:AccountingPrice: Bought3
View Policies Current Attempt in Progress Oriole SA had the following transactions occur involving current assets and current liabilities during February 2020. BEE Feb. 3 7 11 Accounts receivable of R$ 16,500 collected Purchased equipment for $30,800 cash. Paid R$3,300 for a 1-year insurance policy. Accounts payable of R$13,440 are paid. Cash dividends of R$5,500 are declared 14 18 Additional information: 1. As of February 1, 2020, current assets were R$154.000, and current liabilities were R$55,000 2. As of February 1, 2020, current assets included R$11,000 of inventory and R$5.500 of prepaid expenses. (a) Compute the current ratio as of the beginning of the month and after each transaction (Round answers to 1 decimal place, es 1.7.) Current ratio February 1 11 February 3 :1 February 7 :1 February 11 21 February 14 :1 February 18 :1 Safor Liter Attempts: unlimited Submit Answer
