Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the pioneer company has provided the following acc

The Pioneer Company has provided the following account balances: Cash $38,000; Short-term investments $4,000; Accounts...

50.1K

Verified Solution

Question

Accounting

The Pioneer Company has provided the following account balances:

Cash $38,000;

Short-term investments $4,000;

Accounts receivable $6,000;

Inventory $48,000;

Long-term notes receivable $2,000;

Equipment $96,000;

Factory Building $180,000;

Intangible assets $6,000;

Accounts payable $30,000;

Accrued liabilities payable $4,000;

Short-term notes payable $14,000;

Long-term notes payable $92,000;

Contributed capital $180,000;

Retained earnings $60,000.

What is Pioneer's current ratio?

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

Statistics
1.2K views

Provide an example of What happens to the confidence interval if you (a) increase the confidence level,...

Basic Math
1.2K views

These problems may be solved using Minitab. Copy and paste the appropriate Minitab output into a word-processed...

Geometry
1.2K views

Circles Find the measure of the line segment indicated 13 Find TU 7 W C...

Geometry
1.2K views

What is the value of x in the triangle ABC if the given triangles are...

Basic Math
1.2K views

Suppose a die is rolled twice and let A first toss is a prime C...

Accounting
1.2K views

Gestion 2 St yet nswered arked out of In Muscat Company,...

Accounting
1.2K views

Problem 1 The Dent Sign Company uses the allowance method in accounting for uncollectible accounts....

Accounting
1.2K views

\A company's inventory records indicate the following data for the month of January: ...

Accounting
1.2K views

Collison and Ryder Company (C&R) has been experiencing declining market conditions for its sportswear division....

Accounting
1.2K views

P 14 The following is an alphabetical list of data from the records of Kenyon...

Accounting
1.2K views

Miller Co. was incorporated in 20x7. Incorporation costs were $3,500. How much CCA is allowed...

Finance
1.2K views

Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell...