can someone help me with this question please thank you At December...
80.2K
Verified Solution
Question
Accounting
can someone help me with this question please thank you At December 31,2024 , Michelle Walker Corporation reported current assets of $344,933 and current liabilities of $192,700. The following items may have been recorded incorrectly. Walker uses a perpetual inventory system. 1. Goods purchased costing $21,090 were shipped fo.b. shipping point by a supplier on December 28 . Walker received and recorded the invoice on December 29,2024, but the goods were not included in Walker's inventory because they were not received until January 4,2025. 2. Goods purchased costing $16,010 were shipped fo.b. destination by a supplier on December 26 . Walker received and recorded the invoice on December 31, but the goods were not included in Walker's 2024 inventory because they were not received until January 2,2025. 3. Goods held on consignment from Claudia Kishi Company were included in Walker's December 31, 2024, inventory at $12,250. (a) Compute the current ratio based on Walker's balance sheet. (Round ratio to 2 decimal places, es. 2.31:1) The current ratio 1 eTextbook and Media Attempts: 0 of 3 used (b) The parts of this question must be completed in order. This part will be avallable when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above

can someone help me with this question please thank you
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.