accounting 455629

The Pioneer Company has provided the following account balances:

Cash $38,600;

Short term investments $4,600;

Accounts receivable $6,600;

Inventory $51,000;

Long term notes receivable $2,600;

Equipment $99,000;

Factory Building $186,000;

Intangible assets $6,600;

Accounts payable $29,400;

Accrued liabilities payable $3,700;

Short term notes payable $15,200;

Long term notes payable $95,000;

Contributed capital $186,000;

Retained earnings $65,700.

What is Pioneer’s current ratio? (Round your final answer to two decimal places.)

2.09

2.26

3.05

1.03

The Pioneer Company has provided the following account balances:

Cash $39,100;

Short term investments $5,100;

Accounts receivable $7,100;

Inventory $53,500;

Long term notes receivable $3,100;

Equipment $101,500;

Factory Building $191,000;

Intangible assets $7,100;

Accounts payable $28,900;

Accrued liabilities payable $3,450;

Short term notes payable $16,200;

Long term notes payable $97,500;

Contributed capital $191,000;

Retained earnings $70,450.

What are Pioneer’s total current assets?

	$51,300
	$104,800
	$54,400
	$44,200

The Pioneer Company has provided the following account balances:

Cash $38,300;

Short term investments $4,300;

Accounts receivable $6,300;

Inventory $49,500;

Long term notes receivable $2,300;

Equipment $97,500;

Factory Building $183,000;

Intangible assets $6,300;

Accounts payable $29,700;

Accrued liabilities payable $3,850;

Short term notes payable $14,600;

Long term notes payable $93,500;

Contributed capital $183,000;

Retained earnings $62,850.

What are Pioneer’s total current liabilities?

	$44,300
	$33,550
	$48,150
	$141,650

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