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Calculate the working capital for direct solutions

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Reference no: EM133128035

Question - Direct Solutions has the following balances as at February 28, 2018.

Cash

$28,400

Tran, Capital

$53,900

Notes Payable, Long-Term Portion

$36,000

Accounts Payable

$10,900

Accounts Receivable

$21,200

Unearned Revenue

$7,900

Inventory

$22,300

Notes Payable, Current Portion

$9,000

Equipment

$45,800

Required -

a) Prepare a classified balance sheet using the balances listed above.

b) Calculate the working capital for Direct Solutions.

c) Calculate the current ratio for Direct Solutions.

d) Calculate the quick ratio for Direct Solutions.

Reference no: EM133128035

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