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The balance sheet for Treble Corporation is as follows Treble Corporation Balance Sheet December 31 2022 26 000 20 000 10 000 1 000 2 000 25 000 Cash Accounts receivable Inventory Supplies Prepaid insurance Land Buildings Less Accumulated depreciation 100 000 139 000 2 000 Trademark Total assets 225 000 239 000 Accounts payable Salaries and wages payable Note payable due 2025 Total liabilities 3 000 2 000 170 000 175 000 Common stock Retained earnings Total stockholders equity Total liabilities and stockholders equity 35 000 15 000 50 000 225 000 Calculate a total current assets and b total property plant and equipment Trademark Intangiable asset Current liability Long term liability Sampson Associates Inc reports the following account balances for the year ending June 30 2022 25 000 Accounts payable 36 000 Accounts receivable 17 000 Cash and cash equivalents Goodwill 121 000 88 000 Inventory Notes payable due 2027 100 000 4 000 Interest payable Notes payable due 2023 15 000 Property plant and equipment 550 000 110 000 Accumulated depreciation Prepaid insurance 7 000 13 000 Salaries and wages payable Bonds payable 300 000 Compute the company s a current ratio and b debt to assets ratio


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GSU ACCT 4111 - Chapter 2 Activity

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