Required information [The following information applies to the questions displayed below.] Shown below are selected data...
Required information
[The following information applies to the questions displayed below.]
Shown below are selected data from the balance sheet of Compros, a small electronics store (dollar amounts are in thousands):
| Cash | $ | 76 | |
| Accounts receivable | $ | 136 | |
| Inventory | $ | 245 | |
| Total assets | $ | 905 | |
| Current liabilities | $ | 310 | |
| Noncurrent liabilities | $ | 380 | |
1A. What is the quick ratio?
1B. What is the current ratio?
1C. What is the amount of working capital?
1D. What is Compros' debt ratio?
Homework Answers
1 A. Quick ratio =
1 B. Current ratio =
1 C. Working capital =
1 D. Debt ratio =
Explanation
| 1 A . Quick Ratio | |||||
| (Current Assets -Inventories) | / | Current Liabilities | = | Quick Ratio | |
| (457 - 245) | / | 310.00 | = | 0.68 | :1 |
| 1 B. Current Ratio | |||||
| Current Assets | / | Current Liabilities | = | Current Ratio | |
| 457.00 | / | 310.00 | = | 1.47 | :1 |
| 1 C. Working capital | |||||
| Current Assets | - | Current Liabilities | = | Working capital | |
| $ 457.00 | - | $ 310.00 | = | $ 147.00 | |
| 1 D. Debt ratio | |||||
| Total liabilities | / | Total assets | = | Debt ratio | |
| 690.00 | / | 905.00 | = | 76.24% | |
| Current assets | |
| Cash | 76.00 |
| Accounts receivable | 136.00 |
| Inventories | 245.00 |
| 457.00 |
| Total Liabilities | |
| Current Liabilities | 310.00 |
| Long term Liabilities | 380.00 |
| 690.00 |
Add Answer to:
Required information
[The following information applies to the questions
displayed below.]
Shown below are selected data...
Required information [The following information applies to the questions displayed below.) Saddleback Company makes camping lanterns...
Required information [The following information applies to the questions displayed below.) Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows: Costs Units 127,800 $ 182,000 334,000 $ 516,000 Beginning work in process (30% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work...
answer 1a, 1b, 1c Required information [The following information applies to the questions displayed below.) The...
answer 1a, 1b, 1c
Required information [The following information applies to the questions displayed below.) The following financial statement information is from five separate companies. Company A Company B Company с Company D Company $41,000 33, 620 $ 31,980 22,386 $ 26,240 14,169 $72,980 50,356 $ 111,930 ? December 31, 2018 Assets Liabilities December 31, 2019 Assets Liabilities During year 2019 Stock issuance Net income (2) Cash dividends 46,000 33,120 22,521 ? 15, 101 83,720 40,185 126,960 100,298 6,000 10,820...
Required information (The following information applies to the questions displayed below.) Summary information from the financial...
Required information (The following information applies to the questions displayed below.) Summary information from the financial statements of two companies competing in the same industry follows. Barco Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 22,000 $ 35,000 Accounts receivable, net 33,400 51,400 Merchandise inventory 84,640 134,500 Prepaid expenses 5,900 7,650 Plant assets, net 360,000 306, 400 Total assets $505,940 $534,950 Barco Kyan Company Company Data from the current year's income statement Sales $770,000 $912,200...
Required information [The following information applies to the questions displayed below.) Raner, Harris & Chan is...
Required information [The following information applies to the questions displayed below.) Raner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm has two offices-one in Chicago and one in Minneapolis. The firm classifies the direct costs of consulting jobs as variable costs. A contribution format segmented income statement for the company's most recent year is given: Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses...
Required information [The following information applies to the questions displayed below.] The following data is provided...
Required information [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable,...
Required information [The following information applies to the questions displayed below.] The following data is provided...
Required information [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable,...
Required information [The following information applies to the questions displayed below.) Summary information from the financial...
Required information [The following information applies to the questions displayed below.) Summary information from the financial statements of two companies competing in the same industry follows. Barco Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 18,000 $ 35,000 Accounts receivable, net 40,400 54,400 Merchandise inventory 85,040 134,500 Prepaid expenses 5,500 7,750 Plant assets, net 320,000 312,400 Total assets $ 468,940 $544,050 Barco Kyan Company Company Data from the current year's income statement Sales $800,000 $882,200...
Check my won Required information [The following information applies to the questions displayed below.] The following...
Check my won Required information [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies: Company Company Company Company D. Company December 31, 2016 Assets Liabilities December 31, 2017 $46, 000 37,720 $81, 880 56, 497 $35, 880 25, 116 $29, 440 15, 897 $125, 580 51, 000 36,720 24,969 Assets Liabilities During year 2017 Owner investments Net income (loss) Owner cash withdrawals 92,820 44, 553 140, 760 111, 200 16,...
Required information [The following information applies to the questions displayed below.] Data for Hermann Corporation are...
Required information [The following information applies to the questions displayed below.] Data for Hermann Corporation are shown below: Selling price Variable expenses Contribution margin Per Unit $ 140 91 Percent of Sales 100% 65 35% $ 49 Fixed expenses are $88,000 per month and the company is selling 3,000 units per month. Required: 1-a. How much will net operating income increase (decrease) per month if the monthly advertising budget increases by $9,300 and monthly sales increase by $21,000? 1-b. Should...
Required information The following information applies to the questions displayed below.) Data for Hermann Corporation are...
Required information The following information applies to the questions displayed below.) Data for Hermann Corporation are shown below: Per Unit $ 55 Percent of Sales 100% Selling price Variable expenses Contribution margin $ 22 40% Fixed expenses are $71,000 per month and the company is selling 4,100 units per month. Required 1-a. How much will net operating income increase (decrease) per month if the monthly advertising budget increases by $9,500 and monthly sales increase by $22,500? 1-b. Should the advertising...
Required information [The following information applies to the questions displayed below.) Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows: Costs Units 127,800 $ 182,000 334,000 $ 516,000 Beginning work in process (30% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work...
answer 1a, 1b, 1c
Required information [The following information applies to the questions displayed below.) The following financial statement information is from five separate companies. Company A Company B Company с Company D Company $41,000 33, 620 $ 31,980 22,386 $ 26,240 14,169 $72,980 50,356 $ 111,930 ? December 31, 2018 Assets Liabilities December 31, 2019 Assets Liabilities During year 2019 Stock issuance Net income (2) Cash dividends 46,000 33,120 22,521 ? 15, 101 83,720 40,185 126,960 100,298 6,000 10,820...
Required information (The following information applies to the questions displayed below.) Summary information from the financial statements of two companies competing in the same industry follows. Barco Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 22,000 $ 35,000 Accounts receivable, net 33,400 51,400 Merchandise inventory 84,640 134,500 Prepaid expenses 5,900 7,650 Plant assets, net 360,000 306, 400 Total assets $505,940 $534,950 Barco Kyan Company Company Data from the current year's income statement Sales $770,000 $912,200...
Required information [The following information applies to the questions displayed below.) Raner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm has two offices-one in Chicago and one in Minneapolis. The firm classifies the direct costs of consulting jobs as variable costs. A contribution format segmented income statement for the company's most recent year is given: Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses...
Required information [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable,...
Required information [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable,...
Required information [The following information applies to the questions displayed below.) Summary information from the financial statements of two companies competing in the same industry follows. Barco Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 18,000 $ 35,000 Accounts receivable, net 40,400 54,400 Merchandise inventory 85,040 134,500 Prepaid expenses 5,500 7,750 Plant assets, net 320,000 312,400 Total assets $ 468,940 $544,050 Barco Kyan Company Company Data from the current year's income statement Sales $800,000 $882,200...
Check my won Required information [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies: Company Company Company Company D. Company December 31, 2016 Assets Liabilities December 31, 2017 $46, 000 37,720 $81, 880 56, 497 $35, 880 25, 116 $29, 440 15, 897 $125, 580 51, 000 36,720 24,969 Assets Liabilities During year 2017 Owner investments Net income (loss) Owner cash withdrawals 92,820 44, 553 140, 760 111, 200 16,...
Required information [The following information applies to the questions displayed below.] Data for Hermann Corporation are shown below: Selling price Variable expenses Contribution margin Per Unit $ 140 91 Percent of Sales 100% 65 35% $ 49 Fixed expenses are $88,000 per month and the company is selling 3,000 units per month. Required: 1-a. How much will net operating income increase (decrease) per month if the monthly advertising budget increases by $9,300 and monthly sales increase by $21,000? 1-b. Should...
Required information The following information applies to the questions displayed below.) Data for Hermann Corporation are shown below: Per Unit $ 55 Percent of Sales 100% Selling price Variable expenses Contribution margin $ 22 40% Fixed expenses are $71,000 per month and the company is selling 4,100 units per month. Required 1-a. How much will net operating income increase (decrease) per month if the monthly advertising budget increases by $9,500 and monthly sales increase by $22,500? 1-b. Should the advertising...
Most questions answered within 3 hours.
-
Write the ionic equations for the first stage of salts
hydrolysis.
Anion, Cation?
Na2S
NiSO4
K2SO4...
asked 30 minutes ago -
suppose there is a normally distributed population with a mean of
250 and a standard deviation...
asked 1 hour ago -
Question Three
Suppose you as project manager are using the Waterfall
development methodology on a large...
asked 2 hours ago -
Which statement is not true about welfare in Canada?
A.Benefits typically vary based on one's ability...
asked 2 hours ago -
Please help me with FLOWCHART and UML diagram for class,
thank you!
#include <iostream>
#include <fstream>...
asked 3 hours ago -
3. Describe the “logic circuit” of the Lac operon. Which
proteins are bound or not to...
asked 3 hours ago -
Ayesha’s adjusted gross income is $60,000 in 2019. She donated a
piece of artwork with a...
asked 3 hours ago -
For Dijkstra’s shortest path algorithm:
a. Give the Big-O time for Dijkstra’s shortest path algorithm
and...
asked 3 hours ago -
Phosphorus violates the 'octet rule' in biological molecules,
forming more covalent bonds than expected based on...
asked 3 hours ago -
A 1.3 eV electron has a 10-4 probability of tunneling
through a 2.4 eV potential barrier....
asked 4 hours ago -
What is the one ingredient that is common to being successful
with all stakeholders?
profit
trust...
asked 4 hours ago -
Write an assembly language 32 bit program that reads in lines of
text by a .txt...
asked 4 hours ago