Reference no: EM132201283
Q. What is the net purchase or sale of fixed assets for the period given the following information?
Beginning Net Fixed Assets $14,300,000
Ending Net Fixed Assets $12,850,000
Ending Accumulated Depreciation $5,650,000
Annual Depreciation Expense $1,150,000
Q.A firm has the following account balances and a .83 quick ratio. What is the firm's Accounts Receivable balance?
Cash $3,600,000
Inventory $4,200,000
Fixed Assets $32,000,000
Current Portion of Long Term Bonds $4,400,000
Accounts Payable $6,600,000
Long Term Bonds $30,000,000