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  3. tio to the manager of a hotel? to 10. of what valu

tio to the manager of a hotel? To 10. Of what value is the food...

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Accounting

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tio to the manager of a hotel? To 10. Of what value is the food sales/total sales ratio to them creditor? Requir 1. the following: total current with "+" indicate with "0." Assume Problems Problem 1 Indicate the effects of the transactions listed below on each of the following assets, working capital (CA - CL), and current ratio. Indicate increase with decrease with "-" and indicate no effect or effect cannot be determined with "0. an initial current ratio of greater than 1.0. Total Current Working Assets Capital 1. Food is sold for cash. 2. Equipment is sold at less than its net book value. 3. Beverages are sold on account. 4. A cash dividend is declared. 5. Accrued payroll is paid. 6. Treasury stock is purchased. 7. A fully depreciated fixed asset is retired. Current Ratio Shi Ratio Analysis 281 8. Equipment is purchased with long-term notes. 9. Utility expenses are paid (they were not previously accrued). 10. A cash dividend is paid

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