On A Classified Balance Sheet, Companies Usually List Current Assets

Use the following data to determine the total dollar amount of assets to be classified as current assets.

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($74500 + $96500 + $143500 + $88500) – ($138000 + $12400) = $252600(Cash + Acc. rec. + Inv. + Prep. ins.) – (Acc. Pay. + Sal./Wag. pay.)
For 2017 Vaughn Manufacturing reported net income of $38500; net sales $393500; and average share outstanding 15000. There were no preferred dividends. What was the 2017 earnings per share?
short-term ability of a company to pay its maturing obligations and to meet unexpected needs for cash.
The ability of a business to pay obligations that are expected to become due within the next year or operating cycle is
Accounts receivable 95000Cash 65000Inventory 125000Short-term investments 75000Prepaid insurance 1000$361000
139080+ $85400 + $168360 + $97600 + $2440) – (78080 + $68320) = $346480(Acc. rec. + Cash. + Inv.+ Sh.-term inv. + Prep. ins.) – (Acc. Pay. + Not. Pay.)$346480
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