In Horizontal Analysis Each Item Is Expressed As A Percentage Of The Stockholders Equity Amount

1. Use the following data to calculate the current ratio. Koonce Office Supplies Balance Sheet December 31, 2012 Cash $130,000 Accounts Payable $140,000 Prepaid Insurance 60,000 Salaries Payable 20,000 Accounts Receivable 100,000 Mortgage Payable 160,000 Inventory 140,000 Total Liabilities $320,000 Land held for Investment 150,000   Land 180,000   Buildings Read more…