Homework answers / question archive / ZFIE 3 Practice - Not Graded Saved Accounts receivable Accounts payable Buildings Cash $28,000 Long-term notes payable 18,300 office supplies 48,000 Prepaid insurance 7,800 Unearned services revenue $26,000 4,800 5,080 2,700 Compute Chavez Company's current ratio using the above information

ZFIE 3 Practice - Not Graded Saved Accounts receivable Accounts payable Buildings Cash $28,000 Long-term notes payable 18,300 office supplies 48,000 Prepaid insurance 7,800 Unearned services revenue $26,000 4,800 5,080 2,700 Compute Chavez Company's current ratio using the above information

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1. ZFIE 3 Practice - Not Graded Saved Accounts receivable Accounts payable Buildings Cash $28,000 Long-term notes payable 18,300 office supplies 48,000 Prepaid insurance 7,800 Unearned services revenue $26,000 4,800 5,080 2,700 Compute Chavez Company's current ratio using the above information. Choose Numerator: Current assets 17,6842 Current Ratio Choose Denominator: 1 Current liabilities $ 2,700 Current Ratio Current ratio = 6.55 Ces

2. If you were making a product to sell, why would you want to know what activities are driving your overhead costs? Give a short example.