Camaro | GTO | Torino | |||||||
Cash | $ | 1,900 | $ | 140 | $ | 1,000 | |||
Short-term investments | 0 | 0 | 700 | ||||||
Current receivables | 170 | 420 | 500 | ||||||
Inventory | 1,950 | 1,840 | 2,600 | ||||||
Prepaid expenses | 200 | 500 | 900 | ||||||
Total current assets | $ | 4,220 | $ | 2,900 | $ | 5,700 | |||
Current liabilities | $ | 2,040 | $ | 1,230 | $ | 3,100 | |||
Compute the current ratio and acid-test ratio for each of the
following separate cases.
Current ratio = Total current assets / Current liabilities
Camaro = 4220/2040 = 2.07
GTO = 2900/1230 = 2.36
Torino = 5700/3100 = 1.84
Acid-test ratio = (Total current assets - Inventory - Prepaid expenses)
Camaro = (4220-1950-200)/2040 = 1.01
GTO = (2900-1840-500)/1230 = 0.46
Torino = (5700-2600-900)/3100 = 0.71
Camaro GTO Torino Cash $ 1,900 $ 140 $ 1,000 Short-term investments 0 0 700 Current...
Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Camaro $1,900 0 170 1,950 200 $ 4,220 GTO $ 140 0 420 1,840 500 $2,900 Torino $1,000 700 500 2,600 900 $5,700 Current liabilities $2,040 $1,230 $3,100 Current Ratio Choose Denominator: Choose Numerator: = Current Ratio Current ratio to 1 Camaro GTO to 1 Torino to 1 Acid-Test Ratio Choose Numerator: Choose Denominator: Acid-Test Ratio Acid-test ratio Camaro to 1 GTO to 1 Torino to 1
Camaro GTO Torino Cash $ 2,600 $ 270 $ 1,400 Short-term investments 0 0 600 Current receivables 300 550 700 Inventory 2,275 2,100 3,250 Prepaid expenses 400 700 900 Total current assets $ 5,575 $ 3,620 $ 6,850 Current liabilities $ 2,300 $ 1,360 $ 3,750 Compute the current ratio and acid-test ratio for each of the following separate cases.
Torino Camaro GTO Cash $2,200 $1,200 200 Short-term investments 400 Current receivables 800 230 480 Inventory Prepaid expenses 2,100 300 1,960 2,900 900 600 $4,830 $3,240 $6,200 Total current assets $3,400 Current liabilities $2,160 $1,290 Compute the current ratio and acid-test ratio for each of the following separate cases. Current Ratio Choose Numerator: Choose Denominator: Current Ratio Current ratio to 1 Camaro GTO to 1 Torino to 1 Acid-Test Ratio Choose Numerator: Choose Denominator: Acid-Test Ratio Acid-test ratio to 1...
Camaro $ 2,650 0 310 2,300 400 $ 5,660 $ 2,320 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities GTO $ 280 0 560 2,120 700 $3,660 $1,370 Torino $ 1,400 400 750 3,300 900 $ 6,750 $3,800 points eBook Compute the current ratio and acid-test ratio for each of the following separate cases. Hint Current Ratio Choose Denominator: Choose Numerator: = Current Ratio Current ratio to 1 Print Camaro GTO Torino to 1 to...
Compute the current ratio and acid-test ratio for each of the following separate cases Torino $ 2,450240 $1,300 400 550 2,200 2,040 3,100 900 6,250 Camaro GTO Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets 520 700 $ 5,220 $ 3,50 270 300 Current liabilities $ 2,240 1,330 3,600 urrent Ratio Choose Numerator: Choose Denominator: Current Ratio Current ratio Camaro GTO Torino to 1 cid-Test Ratio Choose Numerator: Choose Denominator: Acid-Test Ratio Acid-test ratio Camaro GTO Torino...
Exercise 4-14 Computing and analyzing acid-test and current ratios LO A1 Compute the current ratio and acid-test ratio for each of the following separate cases. Torino Camaro GTO $2,850 $1,500 Cash 320 Short-term investments 0 0 400 Current receivables 350 600 500 Inventory Prepaid expenses 2,400 2,200 3,500 400 700 900 $6,000 $3,820 $6,800 Total current assets $2,400 $1,410 $4,000 Current 1iabilities Current Ratio Choose Numerator: Choose Denominator: Current Ratio Current ratio Camaro / to 1 GTO to 1 Torino...
Compute the current ratio and acid-test ratio for each of the following separate cases. Camaro $1,950 0 180 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets 1,975 200 $ 4,305 $2,060 GTO $ 150 0 430 1,860 500 $2,940 $1,240 Torino $1,100 600 550 2,650 900 $5,800 $3,150 Current liabilities Current Ratio Choose Denominator: Choose Numerator: Current Ratio Current ratio to 1 maro o to 1 ino to 1 Acid-Test Ratio Choose Numerator: Choose Denominator: Acid-Test Ratio...
compute the current ratio and the acid test ratio for each of the following seperate cases. what is missing Camaro $2,800 GTO $ 310 Torino $1,500 600 450 3,450 590 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities 3 40 2,375 400 $5,915 $2,380 2.180 700 $3,780 $1,400 $6,900 $3,950 Compute the current ratio and acid-test ratio for each of the following separate cases. Choose Numerator: Current Ratio Choose Denominator: = s Camaro GTO Torino...
compute the current ratio and acid test ratio for each of the following seperate cases Exercise 4-14 Computing and analyzing acid-test and current ratios LO A1 points Camaro GTO Torino $2,800 $ 310 $1,500 00600 340 590 450 2,375 2,180 3,450 400 700 900 $5,915 $3,780 $6,900 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities Skipped $2.380 $1.400 $3.950 eBook Hint Compute the current ratio and acid-test ratio for each of the following separate cases....
February 3, 2018 January 28, 2017 ASSETS $ CURRENT ASSETS: Cash and cash equivalents Short-term investments (Notes B and C) Receivables Inventory Prepaid expenses and other assets (Note F) Total current assets 165,086 50,833 8,588 118,007 18,070 360,584 196,536 49,994 8,210 125,694 6,023 386,457 PROPERTY AND EQUIPMENT (Note D) Less accumulated depreciation and amortization 459,043 (309,497) 149,546 459,359 (290,364) 168,995 LONG-TERM INVESTMENTS (Notes B and C) OTHER ASSETS (Notes F and G) 21,453 6,533 18,092 6,303 Total assets $ 538,116...