Homework Answers
| Answer | ||
|
Particulars |
Tuohy Incorporated | Other Corporation |
| Total Assets | $ 25,800 | $ 28,100 |
| Less: Cash | -$ 5,400 | -$ 4,700 |
| Non Cash Assets | $ 20,400 | $ 23,400 |
| Cash to Non Cash Assets Ratio= Cash/ Non Cash Assets | ||
| Tuohy Incorporated: | ||
| Cash to Non Cash Assets Ratio =$5,400/$20,400=0.26 | ||
| Other Corporation | ||
| Cash to Non Cash Assets Ratio =$4,700/$23,400=0.20 | ||
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For each company, calculate the ratio of cash to noncash assets. (Round percentage answers to two...
c. Calculate the current ratio and quick ratio for 2018. (Round your answers to one decimal...
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1. Calculate the current ratio for each of the following companles. (Round your answers to 2...
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1. Calculate the current ratio for each of the following companies. (Round your answers to 2...
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9.Given the following information, calculate the debt ratio percentage: (Round your answer to 2 decimal places.)...
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The following information is available for Bridgeport Corp. Current assets Total assets Current liabilities Total liabilities...
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c. Calculate the current ratio and quick ratio for 2018. (Round your answers to one decimal place.) Current Ratio: 1.5 Quick Ratio: 0 X Preparing Balance Sheets, Computing Income, and Applying the current and Quick Ratios Balance sheet information for Lang Services at the end of 2018 and 2017 is: Accounts Receivable Notes Payable Cash December 31, December 31, 2018 2017 $22,800 $17,500 1,800 1,600 10,000 8,000 32,000 27,000 4,700 4,200 25,000 25,000 Equipment Supplies Accounts Payable Stockholders' Equity ?...
Exercise 12-09 Pharoah Company at December 31 has cash $23,400, noncash assets $102,000, liabilities $51,400, and the following capital balances: Floyd $48,000 and DeWitt $26,000. The firm is liquidated, and $110,000 in cash is received for the noncash assets. Floyd and DeWitt income ratios are 70% and 30%, respectively. Pharoah Company now decides to liquidate the partnership. Prepare the entries to record: (Credit account tities are automatically indented when amount is entered. Do not indent manually.) a. The sale of...
1. Calculate the current ratio for each of the following companles. (Round your answers to 2 decimal places.) Current Ratio Edison | МАХТ Chatter TRU Current Current Assets Liabilities $ 77,000 $ 31,429 102,410 75,725 43,428 48,564 83,391 81,624 59,213 99,870 Gleeson 2. Identify the company with the strongest liquidity position. (These companies are competitors in the same Industry.) O Edison O MAXT O Chatter OTRU O Gleeson
Based on the information in the table, calculate the firm's total debt-to-equity ratio. Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box). Balance Sheet December 31, 2014 Accounts payable $399,000 Cash and marketable $132,000 securities Accounts $311,000 receivable Inventories $512,000 Prepaid expenses $11,300 Total current $966,300 assets Gross fixed assets $2,104,000 Less: accumulated $398.000 depreciation Net fixed assets $1,706,000 Notes payable $98,500 Accrued expenses $89,300 Total current $586,800 liabilities Long-term debt...
1. Calculate the current ratio for each of the following companies. (Round your answers to 2 decimal places.) Current Ratio Edison MAXT Current Current Assets Liabilities $ 84,000 $ 37,838 111,720 91,167 47,376 58,467 90,972 98,269 64,596 120,237 Chatter TRU Gleeson 2. Identify the company with the strongest liquidity position. These companies are competitors in the same industry.) O Edison O MAXT O Chatter O TRU O Gleeson
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