The current assets of a company equal out to $450,000. The current liabilities of a company equal out to $100,000. The cost of goods sold of a company equal out to $100,000. What is the Current Ratio?
The current assets of a company equal out to $450,000. The current liabilities of a company...
A company with current assets of $100,000 and current liabilities of $50,000 uses $10,000 in cash to pay off a current liability. After this transaction, the company current ratio will equal.
XYZ Company Debt 725 Total Assets 1365 Inventory 375 Current Assets 900 Current Liabilities 500 Total Equity 1500 Cost of Goods Sold 1150 Sales 1200 Operating Profit 330 Taxes 150 Use the above chart to calculate the following Quick Ratio – (5pts) Current Ratio – (5pts) Inventory Turnover – (5pts) Debt Ratio – (5pts) Total Asset Turnover – (5pts)
Current and Quick Ratios The Nelson Company has $1,260,000 in current assets and $450,000 in current liabilities. Its initial inventory level is $225,000, and it will raise funds as additional notes payable and use them to increase inventory. 1.How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 2.1? Round your answer to the nearest cent. $ 2.What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds? Round...
3. Jumpstart Corp had the following comparative current assets and current liabilities for 2015 & 2014: Dec. 31, 2015 Dec.31, 2014 Current assets Cash ....... $ 30,000 $ 30,000 Marketable securities ........ 40,000 10,000 Accounts receivable (net) ... 55,000 95,000 Inventory ........ 110,000 90,000 Prepaid expenses ............ 35,000 20,000 Total current assets .......... $270,000 $ 245,000 Current liabilities Accounts payable ...... $ 120,000 $ 110,000 Salaries payable 40,000 30,000 Income taxes payable ....... 20,000 15,000 Total current liabilities ...... $...
Using the following information: Non Current Assets $100,000 Current Assets $100,000 Long-term Liabilities $100,000 Current Liabilities ? Shareholder's Equity ? none of the above total liabilities must equal $200,000 the balance of current liabilities must be zero shareholder's equity must be $100,000 the balance of shareholder's equity must be less than total assets
Jarman Company had current and noncurrent liabilities of $50,000 and $160,000, respectively The company's current assets were $76,000, out of a total asset figure of $457,000. Calculate the company's debt ratio. Jarman Company had current and noncurrent liabilities of $50,000 and $160,000, respectively The company's current assets were $76,000, out of a total asset figure of $457,000. Calculate the company's debt ratio.
Do you believe that if the company's current assets equal current liabilities then the company should have no problem managing its immediate debts?
Stanley Company has current assets of $800,000 and current liabilities of $500,000. Stanley Company’s current ratio would be increased by: A. Collect cash of $100,000 from a customer on accounts receivable. B. Pay cash of $100,000 for a six-month note at maturity. C. Purchase of $100,000 of inventory on account. D. Purchase office supplies with cash of $100,000.
Tardis, Inc. has total current assets of $800,000; total current liabilities of $450,000; long-term assets of $300,000; and long-term debt of $200,000. How much is Tardis’s total equity? Format your answer with no $ symbols or commas
J Company has the following information: Total Current Assets $250,000 Total Assets 800,000 Total Current Liabilities 100,000 Total Liabilities 500,000 Net cash provided by operating activities 50,000 Dividends Paid 5,000 Capital Expenditures 30,000 Compute J Company's current ratio. Compute your answer to two decimal places. For example, enter 1 as 1.00 or 2.3 as 2.30 Compute J Company's debt to assets ratio. Enter you answer as a whole percentage. Compute J Company's free cash flow.