What are Devil Dog Company’s ratios for the following: 1. Current Ratio 2. Quick Ratio 3. Working Capital
What are Devil Dog Company’s ratios for the following:
1. Current Ratio
2. Quick Ratio
3. Working Capital
Cash
$88,450
Accounts Receivable
168,700
Supplies
30,255
Stock Investment
159,000
Equipment
295,285
Accumulated Depreciation
$235,760
Accounts Payable
38,555
Wages Payable
27,000
Capital Stock
205,000
Retained Earnings
146,145
Service Revenue
902,105
Interest Income
1,500
Rent Expense
63,500
Wages Expense
539,260
Supplies Expense
42,520
Depreciation Expense
164,095
Dividends
5,000
_________
Totals
$1,556,065 (debit)
$1,556,065 (credit)