The 2022 financial statements of Anderson Co. contain the fo…

The 2022 financial statements of Anderson Co. contain the following selected data.                   Current Assets                      $  75                   Total Assets                            140                   Current Liabilities                      40                   Total Liabilities                          90                  Calculate the current ratio:

Maxwell Inc acquires land for $86,000 cash. Additional costs…

Maxwell Inc acquires land for $86,000 cash. Additional costs are as follows: Removal of shed                                       $    300 Filling and grading                                       1,500 Salvage value of lumber of shed                    120 Broker commission                                      1,130 Paving of parking lot                                  10,000 Closing costs                                                  560 Hull will record the acquisition cost of the land as…