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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.



    Powers, Capital


    Notes Payable, Long-Term Portion


    Accounts Payable


    Accounts Receivable


    Unearned Revenue




    Notes Payable, Current Portion




    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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