How to calculate each of the required calculations: Blue Sea Corporation’s books revealed the following for 2014 and 2015:
How to calculate each of the required calculations: Blue Sea Corporation’s books revealed the following for 2014 and 2015: 2015, Dec 31 2014, Dec 31 Cash $27,750 $21,250 Accounts receivable 42,000 37,500 Inventory 72,250 61,600 Other prepaid assets 12,500 12,500 Accounts payable 41,250 38,000 Other current payables 13,000 15,000 Shareholders’ equity 100,250 79,850 Sales 525,000 450,750 Cost of […]