Homework Answers
Answer :- The current ratio is one of the popular liquidity ratio formula. It is equal to total current assets divided by the total current liabilities.
Current or Liquid Asset =$7,700
Current liabilities = $ 3,000
Current Ratio = $7,700/$3,000
Current Ratio = 2.57
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Given the following information, calculate the liquidity ratio: (Round your answer to 2 decimal places) Liabilities...
9.Given the following information, calculate the debt ratio percentage: (Round your answer to 2 decimal places.)...
9.Given the following information, calculate the debt ratio percentage: (Round your answer to 2 decimal places.) Liabilities = $28,500 Liquid assets = $5,700 Monthly credit payments = $1,000 Monthly savings = $880 Net worth = $78,500 Take-home pay = $2,700 Gross income = $4,700 Monthly expenses = $2,840 a 2.01% b 2.85% c 36.31% d 18.72% e 37.04% 10.Rebecca Wilson’s monthly budget had planned spending of $379 for a new wardrobe in June. She actually spent $414. What is her...
answer questions 2 -5 PPUUOHUMCU LAULISU Answer the following questions via Microsoft Word: 2. Solvency Ratio...
answer questions 2 -5
PPUUOHUMCU LAULISU Answer the following questions via Microsoft Word: 2. Solvency Ratio Total Net Worth divided by Total Assets Solvency ratio measures how much cushion you have before insolvency If you move from a Solvency ratio of 40 to a ratio of 30, Good or Bad? Explain your answer. 3. Liquidity Ratio Total Liquid Assets divided by Total Current debt liabilities) Liquid assets include Cash, Savings Accounts, Money Market accounts, and Certificates of deposit. Liquidity ratio...
The current ratio is (Round your answer to 2 decimal places.): The following partial balance sheet...
The current ratio is (Round your answer to 2 decimal
places.):
The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. $ 228 79 Assets Current assets: Cash Accounts receivable (net) Notes receivable Inventory Prepaid expenses Total current assets Equipment (net) - 61 307 Liabilities and Equity Current liabilities: $ 61 Accounts payable 176 Other current liabilities Total current liabilities 217 Long-term liabilities 39 Total liabilities 554 Shareholders' equity: 271 Common stock Retained earnings Total...
Calculate the current ratio using the following information: (Round your answer to two decimal places.) Cash...
Calculate the current ratio using the following information: (Round your answer to two decimal places.) Cash Accounts Receivable Prepaid Rent Land Equipment Accumulated Depreciation Accounts Payable Salaries Pavable OA. 1 42 O B. 2.13 c. 2.33 OD 303 $7,000 1.300 800 20.000 6.000 1,000 3,000 900 Cash Accounts Receivable Prepaid Rent Land Equipment Accumulated Depreciation Accounts Payable Salaries Payable Notes Payable-long term $7,000 1,300 800 20,000 6,000 1,000 3,000 900 10,000 O A. 1.42 OB. 2.13 O c. 233 OD....
E Grades for Kareem Algatami: B x Test 1 Ch 1 - 3 Part 2 X...
E Grades for Kareem Algatami: B x Test 1 Ch 1 - 3 Part 2 X C Get Homework Help With Cheç x + € → C G Using the following table, calculate the taxes for an individual with taxable income of $45,000. 10% Up to $8,500 15% $8,500-$34,500 25% $34.... e Test 1 Ch 1 - 3 Part 2 i Seved Help Save & Exit Submit Given the following information, calculate the debt ratio percentage: (Round your answer to...
Calculate the current ratio based on the i information provided, please show all work Calculate the...
Calculate the current ratio based on the i information provided,
please show all work
Calculate the Month’s Living Expenses Covered Ratio based on the
information provided, please show all work
Calculate the Debt Ratio based on the information provided,
please show all work
Assets Liabilities Cash $ 500 $ 350 $ 1,200 $ 8,000 $- Checking Savings/CDs Money Market Funds Other Monetary Assets Monetary Assets Mutual Funds Stocks $ 8,000 $ 500 $ 90 $ 2,290 $ 5,600 Current Bills...
Calculate the Debt Ratio based on the information below show all work for credit) $ 500...
Calculate the Debt Ratio based on the information below show all work for credit) $ 500 $ 1.200 $ 350 $ 8,000 $ 500 $ 90 $ 2.290 $5,600 S 9.000 $ 105,000 $ 100,000 $ 9,000 Assets Cash Checking Savings CD: Money Market Funds Other Monetary Assets Monetary Assets Mutual Funds Stocks Bonds Life Insurance (cash-value) Cash Value of Annuities Investment Real Estate (REITE partnerships) Other investments Investments 401(k) and 403(b) Company Pension Keogh Liabilities Current Bills (unpaid balance)...
This is one full study question. Is someone able to answer the following components of the...
This is one full study question. Is someone able to answer the following components of the question for me? a,b,c,d Kira is 32 years of age and works full time for a manufacturing company as a supervisor. She earns $4,200 a month, net. She has no other sources of income. Her employer offers her benefits, including a Group RRSP. The employer matches 50% of her RRSP contribution, which is 10% of her monthly take home pay. As a result of...
Terry and Evelyn Becker are a married couple in their mid-20s. Terry has a good start...
Terry and Evelyn Becker are a married couple in their mid-20s. Terry has a good start as an electrical engineer and Evelyn works as a sales representative. Since their marriage four years ago, Terry and Evelyn have been living comfortably. Their income has exceeded their expenses, and they have accumulated an enviable net worth. This includes $10,000 that they have built up in savings and investments. Because their income has always been more than enough for them to have the...
I REALLY need someone to help me with Parts 2-7 of this problem. I am lost....
I REALLY need someone to help me with Parts 2-7 of this problem.
I am lost.
3. Prepare an adjusted trial balance as of January 31,
2021.
6. Record closing entries for revenue and
expense accounts. (If no entry is required for a
transaction/event, select "No Journal Entry Required" in the first
account field.)
Required information On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Credit Debit $ 25,100 46,200 $ 4,200 Accounts Cash...
answer questions 2 -5
PPUUOHUMCU LAULISU Answer the following questions via Microsoft Word: 2. Solvency Ratio Total Net Worth divided by Total Assets Solvency ratio measures how much cushion you have before insolvency If you move from a Solvency ratio of 40 to a ratio of 30, Good or Bad? Explain your answer. 3. Liquidity Ratio Total Liquid Assets divided by Total Current debt liabilities) Liquid assets include Cash, Savings Accounts, Money Market accounts, and Certificates of deposit. Liquidity ratio...
The current ratio is (Round your answer to 2 decimal
places.):
The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. $ 228 79 Assets Current assets: Cash Accounts receivable (net) Notes receivable Inventory Prepaid expenses Total current assets Equipment (net) - 61 307 Liabilities and Equity Current liabilities: $ 61 Accounts payable 176 Other current liabilities Total current liabilities 217 Long-term liabilities 39 Total liabilities 554 Shareholders' equity: 271 Common stock Retained earnings Total...
Calculate the current ratio using the following information: (Round your answer to two decimal places.) Cash Accounts Receivable Prepaid Rent Land Equipment Accumulated Depreciation Accounts Payable Salaries Pavable OA. 1 42 O B. 2.13 c. 2.33 OD 303 $7,000 1.300 800 20.000 6.000 1,000 3,000 900 Cash Accounts Receivable Prepaid Rent Land Equipment Accumulated Depreciation Accounts Payable Salaries Payable Notes Payable-long term $7,000 1,300 800 20,000 6,000 1,000 3,000 900 10,000 O A. 1.42 OB. 2.13 O c. 233 OD....
E Grades for Kareem Algatami: B x Test 1 Ch 1 - 3 Part 2 X C Get Homework Help With Cheç x + € → C G Using the following table, calculate the taxes for an individual with taxable income of $45,000. 10% Up to $8,500 15% $8,500-$34,500 25% $34.... e Test 1 Ch 1 - 3 Part 2 i Seved Help Save & Exit Submit Given the following information, calculate the debt ratio percentage: (Round your answer to...
Calculate the current ratio based on the i information provided,
please show all work
Calculate the Month’s Living Expenses Covered Ratio based on the
information provided, please show all work
Calculate the Debt Ratio based on the information provided,
please show all work
Assets Liabilities Cash $ 500 $ 350 $ 1,200 $ 8,000 $- Checking Savings/CDs Money Market Funds Other Monetary Assets Monetary Assets Mutual Funds Stocks $ 8,000 $ 500 $ 90 $ 2,290 $ 5,600 Current Bills...
Calculate the Debt Ratio based on the information below show all work for credit) $ 500 $ 1.200 $ 350 $ 8,000 $ 500 $ 90 $ 2.290 $5,600 S 9.000 $ 105,000 $ 100,000 $ 9,000 Assets Cash Checking Savings CD: Money Market Funds Other Monetary Assets Monetary Assets Mutual Funds Stocks Bonds Life Insurance (cash-value) Cash Value of Annuities Investment Real Estate (REITE partnerships) Other investments Investments 401(k) and 403(b) Company Pension Keogh Liabilities Current Bills (unpaid balance)...
I REALLY need someone to help me with Parts 2-7 of this problem.
I am lost.
3. Prepare an adjusted trial balance as of January 31,
2021.
6. Record closing entries for revenue and
expense accounts. (If no entry is required for a
transaction/event, select "No Journal Entry Required" in the first
account field.)
Required information On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Credit Debit $ 25,100 46,200 $ 4,200 Accounts Cash...
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