Ratio analysis of balance sheet - current ration acid test

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Ratio Analysis of balance sheet - Current ration, acid test ratio etc.

Operating data for Gallup Corporation are presented below.

Balance Sheets
December 31

 

 2008

2007

Cash

$4,300

$3,700

Accounts receivable

21,200

23,400

Inventory

10,000

7,000

Land

20,000

26,000

Building

70,000

70,000

Accumulated depreciation

-15,000

-10,000

Total

$110,500

$120,100

Accounts payable

$12,370

$31,100

Common stock

75,000

69,000

Retained earnings

23,130

20,000

Total

$110,500

$120,100

 

Reference no: EM13356405

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