The classified balance sheet for a company reported current assets of $1,623,850, total liabilities of $799,540, Retained Earnings of $130,260. The current ratio was 2.5. Which of the following statements is not correct? Multiple Choice Total Assets are $1,929,800. Total Stockholders' equity is $1,130,260. Noncurrent liabilities are $130,260, The amount of current assets is 2.5 times the amount of current liabilities.

The classified balance sheet for a company reported current assets of $1,623,850, total liabilities of $799,540, Retained Earnings of $130,260. The current ratio was 2.5. Which of the following statements is not correct? Multiple Choice Total Assets are $1,929,800. Total Stockholders' equity is $1,130,260. Noncurrent liabilities are $130,260, The amount of current assets is 2.5 times the amount of current liabilities.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 17BEA: Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of...

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