Acompany reported the following in its recent balance sheet:
accounts payable $19,397
accounts receivable $81,526
cash $73,514
income tax payable $3,702
inventories $26,006
long-term liabilities $1,899
property and equipment $56,028
stockholders' equity $204,708
supplies $5,702
wages payable $13,070
what is the amount of the current ratio (round to two decimal places)?
5.16
suppose that the balance of a company's allowance for uncollectible accounts was $6,200 (credit) at the end of 2015, prior to any adjustments. the company estimated that the total of uncollectible accounts in its accounts receivable was $44,300 at the end of 2015. what amount of bad debt expense would appear in the company's 2015 income statement?

A)Current Ratio = 186,748 / 36,169 = 5.16

B)Bad Debt Expense = 38,100

Explanation:

A - By ordering the accounts, the Balance Sheet is as follows:

1.ASSET

1.1.CURRENT ASSET – 186,748

1.1.1.Cash 73,514

1.1.2. Accounts receivable 81,526

1.1.3.Inventories 26,006

1.1.4.Supplies 5,702

1.2.LONG-TERM ASSET

1.2.1.Property and equipment  156,028

TOTAL ASSET: 242,776

2.LIABILITIES

2.1.CURRENT LIABILITIES – 36,169

2.1.1. Accounts payable 19,397

2.1.2. Income tax payable 3,702

2.1.3. Wages payable 13,070

2.2.LONG-TERM LIABILITIES

2.2.1. Long-term liabilities 1,899

3.STOCKHOLDERS´EQUITY

3.1.1.Stockholders' Equity 204,708

TOTAL L + SE:  242,776

Current Ratio = Current Asset (CA) / Current Liabilities (CL)

Current Ratio = 186,748 / 36,169 = 5.16

B – The Allowance for Uncollectible Accounts has a balance of 6,200 (credit), but the balance should be of 44,300 (credit), therefore, it must be increased in 38,100 (Credit) against  Bad Debt Expense (Debit) for the same amount.

start by isolating the variable on one side by adding 43w^2 to both sides.   the equation will read:

25w^2+5=0

*subtract 5 from both sides*

25w^2=-5

*divide both sides by 25*

w^2=-1/5

*take the square root of both sides*

w=√(-1/5)

the square root of -1 is i.   the square root of 5 remains √5

the answer is i/√5.

hope this