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Determine the current assets and current liabilites

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Reference no: EM131812489

How do I determine the current assets and current Liabilites

The following information pertains to Wamser Company:

Cash $21,500
Accounts receivable 126,000
Inventory 75,000
Plant assets (net) 384,000
Total assets $606,500
Accounts payable $75,500
Accrued taxes and expenses payable 24,500
Long-term debt 49,500
Common stock ($10 par) 160,000
Paid-in capital in excess of par 89,500
Retained earnings 207,500
Total equities $606,500
Net sales (all on credit) $805,000
Cost of goods sold 601,000
Net income
 80,500

Compute the following: (Round answers to 2 decimal places e.g. 15.25.)

Reference no: EM131812489

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