Question

Current Attempt in Progress The adjusted trial balance for Riverbed at December 31, 2019, contains the following accounts. Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expense Interest Expense Debit $127,600 14,100 4.700 18,500 62.900 67,600 600 7.200 2,200 $305,400 Common Stock Retained Earnings Accumulated Depreciation - Buildings Accounts Payable Notes Payable Accumulated Depreciation-Equipment Interest Payable Service Revenue Credit $93,300 26,300 42,600 11,000 97,300 17,300 2,200 15,400 $279.100

Answer 1

By How Much Current Assets Exceeds Current Liabilities? $ 2,100 % of Current Assets in form of cash ? 49.60% The Company's Liquidity Appear to be Good/Fine/High. Riverbed Balance Sheet For the Year Ended December 31, 2019 Assets Current Assets Cash $ 18,500 Accounts Receivable $ 14,100 Prepaid Insurance $ 4,700 Total Current Assets $ 37,300 Fixed Assets Land $67,600 Buidling $ 127,600 Accumulated Depreciation - Buidling $ 42,600 $ 85,000 Equipment $ 62,900 Accumulated Depreciation - Equipment $ (17,300) $45,600 $198,200 Total Assets $ 235,500 Note : For Last Bit Please Provide Drop down list in comment section for the accurate answer. Note : Please comment down for any further clarifications $ 35,200 Liabilities and Stockholder's Equity Current Liabilities Accounts Payable $ 11,000 Notes Payable $ 22,000 Interest Payable $ 2,200 Total Current Liabilities Long Term Liabilities Notes Payable Total Liabilities Stockholder's Equity Common Stock $93,300 Retained Earnings $ 31,700 Total Stockholder's Equity Total Liabilities and Stockholder's Equity $ 75,300 $ 110,500 $ 125,000 $ 235,500