Compute jamar companys current ratio using the information

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Compute Jamar Company's current ratio using the following information.

Accounts receivable

$15,000

Long-term notes payable

$20,000

Accounts payable

10,000

Office supplies

1,800

Buildings

42,000

Prepaid insurance

2,500

Cash

6,000

Unearned services revenue

4,000

2. The following are common categories on a classified balance sheet.

A. Current assets

B. Long-term investments

C. Plant assets

D. Intangible assets

E. Current liabilities

F. Long-term liabilities

For each of the following items, select the letter that identifies the balance sheet category where the item typically would appear.

1. Trademarks

2. Accounts receivable

3. Land not currently used in operations

4. Notes payable (due in three years)

5. Cash

6. Wages payable

7. Store equipment

8. Accounts payable

Reference no: EM13529444

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