Homework Answers
Correct answer----4.23
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Current assets |
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Cash |
$ 39,000.00 |
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Accounts receivables |
$ 45,000.00 |
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Inventory |
$ 31,000.00 |
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Short term investment |
$ 12,000.00 |
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Total Current assets |
$ 1,27,000.00 |
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Current ratio |
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Numerator |
/ |
denominator |
= |
Current ratio |
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|
Current Assets |
/ |
Current Liabilities |
= |
Current ratio |
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|
$1,27,000.00 |
/ |
$ 30,000.00 |
= |
4.23 |
to 1 |
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Kramer Industries has cash of $39,000; net Accounts Receivable of $45,000; short-term investments of $12,000 and...
Wonderland, Inc. has $53,000 in cash, $11,000 in Accounts Receivable; $27,000 in short- term investments, and...
Wonderland, Inc. has $53,000 in cash, $11,000 in Accounts Receivable; $27,000 in short- term investments, and $100,000 in merchandise inventory. The company also has $57,000 in current liabilities. What is Wonderland's current ratio? (Round your final answer to two decimal places.) O A. 1.60 OB. 3.35 OC. 1.12 ○ D. 093
Bronco Electronics' current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data...
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2018 2017 Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Total Assets 60,000 $ 53,000 30,000 0 146,000 132,000 277,000 252,000 495,000 535,000 265,000 202,000 44,000 56,000 170,000 178,000 48,000 44,000 Total Current Liabilities Long-term Note Payable Income from Operations Interest Expense Compute the following ratios for 2018 and 2017, and evaluate the company's ability to pay its current liabilities and total liabilities: a. Current ratio d. Debt ratio b. Cash ratio e. Debt to equity ratio c. Acid-test ratio
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HALLBROOK INDUSTRIES, INC. Balance Sheet December 31, 2021 ($ in thousands) Assets Cash Short-term investments Accounts...
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Wonderland, Inc. has $53,000 in cash, $11,000 in Accounts Receivable; $27,000 in short- term investments, and $100,000 in merchandise inventory. The company also has $57,000 in current liabilities. What is Wonderland's current ratio? (Round your final answer to two decimal places.) O A. 1.60 OB. 3.35 OC. 1.12 ○ D. 093
Bronco Electronics' current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data were abstracted from a recent financial statement: Inventory Total assets Current ratio Acid-test ratio Debt to equity ratio $ 180,000 $1,580,000 3.0 2.40 1.5 Required: Compute the long-term liabilities for Bronco: Long-term liabilities
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