The top part of Ramakrishnan, Inc.’s 2018 and 2017 balance sheets is listed below (in millions...
The top part of Ramakrishnan, Inc.’s 2018 and 2017 balance sheets is listed below (in millions of dollars).
| 2018 | 2017 | 2018 | 2017 | |||||||||||||
| Current assets: | Current liabilities: | |||||||||||||||
| Cash and marketable securities | $ | 56 | $ | 47 | Accrued wages and taxes | $ | 43 | $ | 42 | |||||||
| Accounts receivable | 154 | 139 | Accounts payable | 98 | 87 | |||||||||||
| Inventory | 217 | 198 | Notes payable | 65 | 57 | |||||||||||
| Total | $ | 427 | $ | 384 | Total | $ | 206 | $ | 186 | |||||||
Calculate Ramakrishnan, Inc.’s current ratio for 2018 and 2017. (Round your answers to 2 decimal places.)
Calculate Ramakrishnan, Inc.’s quick ratio for 2018 and 2017. (Round your answers to 2 decimal places.)
Calculate Ramakrishnan, Inc.’s cash ratio for 2018 and 2017. (Round your answers to 2 decimal places.)
Homework Answers
Calculation of Current ratio
Current ratio = Current assets/current liabilities
In 2017 Current ratio = $ 384/186
= 2.06(rounded of 2 decimal places)
In 2018 Current ratio = $ 427/206
= 2.07(rounded of 2 decimal places)
Calculation of Quick ratio
Quick Ratio = Liquid Assets / Current Liabilities
Liquid Assets= Current assets - inventory
In 2017 quick ratio = $ (384-198)/186
= 1
in 2018 Quick ratio = $ (427-217)/206
= 1.02(rounded of 2 decimal places)
Calculation of Cash Ratio
Cash ratio = Cash and cash equivalents/current liabilities
In 2017 cash ratio =$ 47/186
= 0.25(rounded of 2 decimal places)
In 2018 cash ratio = $ 56/206
=0.27(rounded of 2 decimal places)
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The top part of
Ramakrishnan, Inc.’s 2018 and 2017 balance sheets is listed below
(in millions...
The top part of Ramakrishnan, Inc.'s 2018 and 2017 balance sheets is listed below (in millions...
The top part of Ramakrishnan, Inc.'s 2018 and 2017 balance sheets is listed below (in millions of dollars). 2018 2017 2018 2017 Current assets: Current liabilities: Cash and marketable securities 34 25 Accrued wages and taxes 32 31 87 76 68 $195 $175 Accounts receivable Inventory 143 128 187 $383 $348 Accounts payable Notes payable 206 76 Total Total Calculate Ramakrishnan, Inc.'s current ratio for 2018 and 2017. (Round your answers to 2 decimal places.) Current ratio 2018 times 2017...
The top part of Ramakrishnan, Inc.'s 2021 and 2020 balance sheets is listed below (in millions...
The top part of Ramakrishnan, Inc.'s 2021 and 2020 balance sheets is listed below (in millions of dollars). 2021 2020 2021 2020 Current assets: Cash and marketable securities Accounts receivable Inventory Total $ 62 157 220 $439 $ 53 142 201 $396 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total $ 46 101 1 62 $209 $ 45 90 54 $189 Calculate Ramakrishnan, Inc.'s current ratio for 2021 and 2020. (Round your answers to 2 decimal places.)...
The top part of Ramakrishnan, Inc,’s 2015 and 2014 balance sheets is listed below (in millions...
The top part of Ramakrishnan, Inc,’s 2015 and 2014 balance sheets is listed below (in millions of dollars). 2015 2014 2015 2014 Current assets: Current liabilities: Cash and marketable securities $ 42 $ 33 Accrued wages and taxes $ 36 $ 35 Accounts receivable 147 132 Accounts payable 91 80 Inventory 210 191 Notes payable 72 64 Total $ 399 $ 356 Total $ 199 $ 179 Calculate Ramakrishnan, Inc.’s current ratio for 2015 and 2014. (Round your answers to...
The top part of Ramakrishnan, Inc.’s 2021 and 2020 balance sheets is listed below (in millions...
The top part of Ramakrishnan, Inc.’s 2021 and 2020 balance sheets is listed below (in millions of dollars). 2021 2020 2021 2020 Current assets: Current liabilities: Cash and marketable securities $ 52 $ 43 Accrued wages and taxes $ 41 $ 40 Accounts receivable 152 137 Accounts payable 96 85 Inventory 215 196 Notes payable 67 59 Total $ 419 $ 376 Total $ 204 $ 184 Calculate Ramakrishnan, Inc.’s current ratio for 2021 and 2020 Calculate Ramakrishnan, Inc.’s quick...
Ramakrishnan, Inc. reported 2018 net income of $55 million and depreciation of $3,050,000. The top part...
Ramakrishnan, Inc. reported 2018 net income of $55 million and depreciation of $3,050,000. The top part of Ramakrishnan, Inc.'s 2018 and 2017 balance sheets is listed below (in millions of dollars) $ 60 $ 19 $ 34 28 Current assets Cash and marketable securities Accounts receivable Inventory Total Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total 195 138 $234 Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not...
Ramakrishnan, Inc. reported 2018 net income of $20 million and depreciation of $3,550,000. Ramakrishnan, Inc.’s 2018...
Ramakrishnan, Inc. reported 2018 net income of $20 million and
depreciation of $3,550,000. Ramakrishnan, Inc.’s 2018 and 2017
balance sheets is listed below.
What is the 20108 net cash flow from operating activities?
Net cash value (in dollars not millions)?
2018 2017 2018 2017 Current assets: Cash and marketable securities Accounts receivable Inventory Total $ 25 100 170 $295 $ 28 94 148 $270 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total $ 44 76 70 $190...
Ramakrishnan, Inc. reported 2018 net income of $15 million and depreciation of $2,650,000. The top part...
Ramakrishnan, Inc. reported 2018 net income of $15 million and depreciation of $2,650,000. The top part of Ramakrishnan, Inc.'s 2018 and 2017 balance sheets is listed below (in millions of dollars). 2018 2017 Current assets: Cash and marketable Securities Current liabilities: Accounts receivable Accrued wages and taxes $ 10 $ 18 Inventory Accounts payable Notes payable Total Total $123 Calculate the 2018 net cash flow from operating activities for Romakuishnan, Inc. (Enter your answer in dollars not in millions.) Net...
Problem 2-11 Statement of Cash Flows (LG2-4) Ramakrishnan, Inc., reported 2021 net income of $20 million...
Problem 2-11 Statement of Cash Flows (LG2-4) Ramakrishnan, Inc., reported 2021 net income of $20 million and depreciation of $2,700,000. The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): 2021 2020 2021 2020 Current assets: Cash and marketable securities Accounts receivable Inventory Total $ 25 85 139 $249 $ 12 78 116 $206 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total $ 24 73 65 $162 $ 21...
Ramakrishnan, Inc., reported 2021 net income of $25 million and depreciation of $3,600,000. The top part...
Ramakrishnan, Inc., reported 2021 net income of $25 million and depreciation of $3,600,000. The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): 2021 2020 2021 2020 Current assets: Cash and marketable securities Accounts receivable Inventory Total $ 30 98 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total $ 29 95 150 $274 180 $ 43 $ 38 8375 - 75 -70 $201 $183 $308 Calculate the 2021 net...
Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity...
Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities 12.750 Accounts payable $ 50,000 14,250 Notes payable 19,000 95,250 $ Current assets Cash Accounts receivable Inventory $ 6,600 12,200 78,200 $ 68,750 35,500 Total $ 97,000 $ 122,250 Total $ 69,000 $ 48,000 $ 104,250 $ 45,000 Long-term debt Owners' equity Common stock and paid-in $ 50.000 surplus Retained earnings 233,000 $ 50,000 300,750 Total $ 97,000 $ 122,250...
The top part of Ramakrishnan, Inc.'s 2018 and 2017 balance sheets is listed below (in millions of dollars). 2018 2017 2018 2017 Current assets: Current liabilities: Cash and marketable securities 34 25 Accrued wages and taxes 32 31 87 76 68 $195 $175 Accounts receivable Inventory 143 128 187 $383 $348 Accounts payable Notes payable 206 76 Total Total Calculate Ramakrishnan, Inc.'s current ratio for 2018 and 2017. (Round your answers to 2 decimal places.) Current ratio 2018 times 2017...
The top part of Ramakrishnan, Inc.'s 2021 and 2020 balance sheets is listed below (in millions of dollars). 2021 2020 2021 2020 Current assets: Cash and marketable securities Accounts receivable Inventory Total $ 62 157 220 $439 $ 53 142 201 $396 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total $ 46 101 1 62 $209 $ 45 90 54 $189 Calculate Ramakrishnan, Inc.'s current ratio for 2021 and 2020. (Round your answers to 2 decimal places.)...
Ramakrishnan, Inc. reported 2018 net income of $55 million and depreciation of $3,050,000. The top part of Ramakrishnan, Inc.'s 2018 and 2017 balance sheets is listed below (in millions of dollars) $ 60 $ 19 $ 34 28 Current assets Cash and marketable securities Accounts receivable Inventory Total Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total 195 138 $234 Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not...
Ramakrishnan, Inc. reported 2018 net income of $20 million and
depreciation of $3,550,000. Ramakrishnan, Inc.’s 2018 and 2017
balance sheets is listed below.
What is the 20108 net cash flow from operating activities?
Net cash value (in dollars not millions)?
2018 2017 2018 2017 Current assets: Cash and marketable securities Accounts receivable Inventory Total $ 25 100 170 $295 $ 28 94 148 $270 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total $ 44 76 70 $190...
Ramakrishnan, Inc. reported 2018 net income of $15 million and depreciation of $2,650,000. The top part of Ramakrishnan, Inc.'s 2018 and 2017 balance sheets is listed below (in millions of dollars). 2018 2017 Current assets: Cash and marketable Securities Current liabilities: Accounts receivable Accrued wages and taxes $ 10 $ 18 Inventory Accounts payable Notes payable Total Total $123 Calculate the 2018 net cash flow from operating activities for Romakuishnan, Inc. (Enter your answer in dollars not in millions.) Net...
Problem 2-11 Statement of Cash Flows (LG2-4) Ramakrishnan, Inc., reported 2021 net income of $20 million and depreciation of $2,700,000. The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): 2021 2020 2021 2020 Current assets: Cash and marketable securities Accounts receivable Inventory Total $ 25 85 139 $249 $ 12 78 116 $206 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total $ 24 73 65 $162 $ 21...
Ramakrishnan, Inc., reported 2021 net income of $25 million and depreciation of $3,600,000. The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): 2021 2020 2021 2020 Current assets: Cash and marketable securities Accounts receivable Inventory Total $ 30 98 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total $ 29 95 150 $274 180 $ 43 $ 38 8375 - 75 -70 $201 $183 $308 Calculate the 2021 net...
Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities 12.750 Accounts payable $ 50,000 14,250 Notes payable 19,000 95,250 $ Current assets Cash Accounts receivable Inventory $ 6,600 12,200 78,200 $ 68,750 35,500 Total $ 97,000 $ 122,250 Total $ 69,000 $ 48,000 $ 104,250 $ 45,000 Long-term debt Owners' equity Common stock and paid-in $ 50.000 surplus Retained earnings 233,000 $ 50,000 300,750 Total $ 97,000 $ 122,250...
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