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Calculate the working capital for empowered solutions

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Reference no: EM133136240

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

Cash

$23,600

Powers, Capital

$84,400

Notes Payable, Long-Term Portion

$9,000

Accounts Payable

$16,400

Accounts Receivable

$27,400

Unearned Revenue

$8,200

Inventory

$27,600

Notes Payable, Current Portion

$9,000

Equipment

$48,400

Required -

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

b) Calculate the working capital for Empowered Solutions.

c) Calculate the current ratio for Empowered Solutions.

d) Calculate the quick ratio for Empowered Solutions.

Reference no: EM133136240

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