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Calculate the working capital for empowered solutions

    Assignment Instructions

    Assignment ID: FG133136240

    Question – Empowered Solutions has the following balances as at February 28, 2018.

    Cash

    $23,600

    Powers, Capital

    $84,400

    Notes Payable, Long-Term Portion

    $9,000

    Accounts Payable

    $16,400

    Accounts Receivable

    $27,400

    Unearned Revenue

    $8,200

    Inventory

    $27,600

    Notes Payable, Current Portion

    $9,000

    Equipment

    $48,400

    Required –

    a) Prepare a classified balance sheet using the balances listed above.

    b) Calculate the working capital for Empowered Solutions.

    c) Calculate the current ratio for Empowered Solutions.

    d) Calculate the quick ratio for Empowered Solutions.

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