Current year | Previous Years | |
---|---|---|
Working capital = Current Assets - Current Liabilities |
= 2,130,000-710,000 = 1,420,000 |
= 1,426,000-620,000 = 806,000 |
Current Ratio = Current assets/Current liabilities |
= 2,130,000/710,000 = 3 |
= 1,426,000/620,000 = 2.3 |
Quick Ratio = Quick assets/Current liabilities |
= (2,130,000-421,700-217,300)/710,000 = 2.1 |
= (1,426,000-120,900-189,100)/620,000 = 1.8 |
V Show Me How Caculator Current Position Analysis The following data were taken from the balance...
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $593,600 $496,000 Marketable securities 687,300 558,000 Accounts and notes receivable (net) 281,100 186,000 Inventories 796,600 567,300 Prepaid expenses 410,400 362,700 Total current assets $2,769,000 $2,170,000 Current liabilities: Accounts and notes payable (short-term) $411,800 $434,000 Accrued liabilities 298,200 186,000 Total current liabilities $710,000 $620,000 a. Determine for each year (1) the...
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $421,800 $332,800 Marketable securities 488,400 374,400 Accounts and notes receivable (net) 124,800 Inventories 507,500 199,800 732,600 377,400 $2,220,000 Prepaid expenses 324,500 Total current assets $1,664,000 Current liabilities: Accounts and notes payable (short-term) $429,200 $448,000 Accrued liabilities 310,800 192,000 Total current liabilities $740,000 $640,000 a. Determine for each year (1) the...
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $336,300 $244,800 Marketable securities 389,400 275,400 Accounts and notes receivable (net) 159,300 91,800 Inventories 739,900 466,600 Prepaid expenses 381,100 298,400 Total current assets $2,006,000 $1,377,000 Current liabilities: Accounts and notes payable (short-term) $342,200 $357,000 Accrued liabilities 247,800 153,000 Total current liabilities $590,000 $510,000 a. Determine for each year (1) the...
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $313,500 $230,400 Marketable securities 363,000 259,200 Accounts and notes receivable (net) 148,500 86,400 Inventories 617,100 409,900 Prepaid expenses 317,900 262,100 Total current assets $1,750,000 $1,248,000 Current liabilities: Accounts and notes payable (short-term) $319,000 $336,000 Accrued liabilities 231,000 144,000 Total current liabilities $550,000 $480,000 a. Determine for each year (1) the...
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $433,200 $353,600 Marketable securities 501,600 397,800 Accounts and notes receivable (net) 205,200 132,600 Inventories 752,400 444,100 Prepaid expenses 387,600 283,900 Total current assets $2,280,000 $1,612,000 Current liabilities: Accounts and notes payable (short-term) $348,000 $364,000 Accrued liabilities 252,000 156,000 Total current liabilities $600,000 $520,000 a. Determine for each year (1) the...
Current position analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $643,500 $511,200 Marketable securities 847,500 603,200 Accounts and notes receivable (net) 1,043,400 725,600 Inventories 1,301,800 1,049,500 Prepaid expenses 643,800 652,500 Total current assets $4,480,000 $3,542,000 Current liabilities: Accounts and notes payable (short-term) $928,000 $766,700 Accrued liabilities 352,000 383,300 Total current liabilities $1,280,000 $1,150,000 Determine for each year (1) the working...
Current position analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $663,600 $528,900 Marketable securities 874,000 624,100 Accounts and notes receivable (net) 1,076,000 751,000 Inventories 1,139,300 880,500 Prepaid expenses 563,500 547,500 Total current assets $4,316,400 $3,332,000 Current liabilities: Accounts and notes payable (short-term) $957,000 $793,400 Accrued liabilities 363,000 396,600 Total current liabilities $1,320,000 $1,190,000 This information has been collected in the...
17-06 Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $590,500 $486,400 Marketable securities 683,800 547,200 Accounts and notes receivable (net) 279,700 182,400 Inventories 537,200 351,400 Prepaid expenses 276,800 224,600 Total current assets $2,368,000 $1,792,000 Current liabilities: Accounts and notes payable (short-term) $429,200 $448,000 Accrued liabilities 310,800 192,000 Total current liabilities $740,000 $640,000 a. Determine for each year (1)...
Current position analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $502,700 $440,000 Marketable securities 662,100 519,200 Accounts and notes receivable (net) 815,200 624,800 Inventories 1,221,800 695,900 Prepaid expenses 604,200 432,700 Total current assets $3,806,000 $2,712,600 Current liabilities: Accounts and notes payable (short-term) $797,500 $660,000 Accrued liabilities 302,500 330,000 Total current liabilities $1,100,000 $990,000 Determine for each year (1) the working...
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $627,000 $494,000 Marketable securities 726,000 555,800 Accounts and notes receivable (net) 297,000 185,200 Inventories 544,500 277,500 Prepaid expenses 280,500 177,500 Total current assets $2,475,000 $1,690,000 Current liabilities: Accounts and notes payable (short-term) $435,000 $455,000 Accrued liabilities 315,000 195,000 Total current liabilities $750,000 $650,000 a. Determine for each year (1) the...