Question 7 of 7 < Corsig Corporation had the following comparative current assets and current liabilities Dec. 31, 2021

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Question 7 Of 7 Corsig Corporation Had The Following Comparative Current Assets And Current Liabilities Dec 31 2021 1 (23.72 KiB) Viewed 4 times

Question 7 Of 7 Corsig Corporation Had The Following Comparative Current Assets And Current Liabilities Dec 31 2021 2 (21.91 KiB) Viewed 4 times

Question 7 Of 7 Corsig Corporation Had The Following Comparative Current Assets And Current Liabilities Dec 31 2021 3 (26.67 KiB) Viewed 4 times

Question 7 of 7 < Corsig Corporation had the following comparative current assets and current liabilities Dec. 31, 2021 Dec. 31, 2020 Current assets Cash Debt investments Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accounts payable Salaries and wages payable Income tax payable $25,000 40,000 60,000 110,000 35,000 $270,000 $120.000 40,000 10,000 $30,000 10.000 90,000 90,000 25,000 $245,000 $110,000 30,000 15.000 2/6 1 MIKRG 56 P
Question 7 of 7 7 Chapters 10 and 11 Income tax payable Total current liabilities (a) < > Current ratio Your answer is correct. 10.000 $170,000 During 2021, net credit sales and cost of goods sold were $570.000 and $350.000, respectively Net cash provided by sing activities for 2021 was $140,000 15.000 $155,000 Compute current ratio for 2021. (Round answer to 2 decimal places, eg 2.25) 159 1 216 1 SEM
Question 7 of 7 (b) Compute accounts receivable turnover for 2021. (Round answer to 1 decimal place, eg.5.2) Accounts receivable turnover eTextbook and Media Save for Later times 2/6 1 Attempts: 0 of 3 used Submit Anw (c) The parts of this question must be completed in order. This part will be available when you complete the part above WImRG