Prepare a 2018 balance sheet for rogers corp. based on the following information: cash = $145,000; patents and copyrights = $630,000; accounts payable = $222,000; accounts receivable = $135,000; tangible net fixed assets = $1,665,000; inventory = $302,000; notes payable = $130,000; accumulated retained earnings = $1,242,000; long-term debt = $863,000. (be sure to list the accounts in order of their liquidity. do not round intermediate calculations.)

2018Balance Sheet

$145,000Cash

$135,000Accounts Receivable

$302,000Inventory

$582,000  TOTAL CURRENT ASSETS  

$1,.665,000Tangible Net Fixed Assets

$630,000Patents and Copyrights

$2,295,000  TOTAL NONCURRENT ASSETS  

$2,877,000  TOTAL ASSETS  

$222,000  Accounts Payable  

$130,000  Notes Payable  

$352,000  TOTAL CURRENT LIABILITIES  

$863,000  Long Term Debt  

$863,000  TOTAL NONCURRENT LIABILITIES  

$1,215,000  TOTAL LIABILITIES  

$1,242,000  Retained Earnings  

$1,242,000  TOTAL EQUITY  

$2,457,000  TOTAL EQUITY + LIABILITIES  

Explanation:

Liquidity it's define as the speed of an assets to be converted to cash,

the assets that take less days to buy or to sold are more liquid than others.

Cash it's the assets most liquid then are the Accounts Receivables and Inventories for last, in the middle exist different assets as Equity investments.

Prepaid expenses are not liquid because these accounts doesn't means the company could get cash if not that the company have  rights over something.

Section of Current Assets , the criteria is to have a liquidity speed less of one year

Cash

Accounts Receivable

Inventory

Section of Non Current Assets , the criteria is to have a liquidity speed more than one year and are known as fixed assets

Tangible Net Fixed Assets

Patents and Copyrights

Section of Current Liabilities , the criteria is to have a liquidity speed less of one year

Accounts Payable  

Notes Payable  

Section of Total Equity

Retained Earnings  

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explanation:

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dual credit courses allow you to take a test at the end of the course that, if you pass it with a high enough score, will give you college credit.