HCS 380 RANK Let's Do This /hcs380rank.com HCS 380 RANK Let's Do This /hcs380rank.com | Page 10

You are provided with the following information for Ramirez
Enterprises, effective as of its April 30, 2014, year-end.
Accounts payable
$ 868
Accounts receivable
918
Accumulated depreciation—equipment
670
Cash
1,378
Common stock
1,224
Cost of goods sold
1,094
Depreciation expense