What is the balance of current liabilities?

Assuming no preferred stock and no retained earnings, What is the balance of the current liabilities?





Total assets = 600,000


Current Ratio = 1.25 X


Inventory = 50, 000


Long Term bonds = 250 ,000


Equity Multiplier = 4





Please help|||Since equity multiplier = total assets/total Common SHE,


then Total Common SHE = total asset/equity multiplier or 600,000/4=150,000.





Current Liabilities = Total Assets - Long Term Liabilities - OE


= 600,000 - 250,000 - 150,000


= 200,000|||I have the best answer for your question "What is the balance of current liabilities?". Please click the link below to check my answer: