Pharoah Company has these comparative balance sheet data: \table[[\table[[Pharoah Company],[Balance Sheets],[December 31]]],[,2022,2021],[Cash,$15,000,$30,000 ...

60.1K

Verified Solution

Question

Accounting

Pharoah Company has these comparative balance sheet data:
\table[[\table[[Pharoah Company],[Balance Sheets],[December 31]]],[,2022,2021],[Cash,$15,000,$30,000
2. Sales on accoubt were $412,500 sales returns and allowances amounted $19,5000
3 costs of goods sold was $199,800
4. Net cash provided by operating activities was $45,600
5. Capital expenditures were $23,800 and cash dividens paid were $10,100
6. The bonds payable are due in 2035
compute the following ratios at december 31,2022(round current ratio to 2 decimal places)

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students