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Compute the (1) current ratio and the (2) quick ratio for Nikey, Inc. using the following excerpt from the balance sheet reported in a recent financial statement of Nikey, Inc. At May 31 (in millions) 2020 Current assets Cash and equivalents $6,934 Short-term investments 3,730 Accounts receivable, net 6,044 Inventories 7,807 Deferred income taxes 700 Prepaid expenses and other current assets 3,542 Total current assets $28,757 Current liabilities Current portion of long-term debt $182 Notes payable 126 Accounts payable 3,623...
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Calculate the current ratio for 209 and 2020
Calculate the quick ratio for 2019 and 2020
Calculate the the cash ratios for 2019 and 2020
Calculate the operating cash flow ratios 2019 2020
September 30 (in thousands) 2020 2019 Current assets: Cash and cash equivalents Receivables Inventories Other current assets $1,274 30,071 31,796 4,818 $67,959 $6,450 16,548 14,072 2,620 $39,690 Total current assets Current liabilities: Current portion of long-term debt Accounts payable Accrued compensation costs Accrued expenses Other current liabilities...
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15. Calculate the working capital, current ratio, and quick ratio for 2018 and 20196 with the following information. Determine if the company is in a better position or worse position to pay its current liabilities. Round ratios to one decimal place. 2019 2018 Cash and cash equivalents $110,650 $100,750 Temporary investments 50,300 68,900 Accounts receivable 180,100 177,750 Inventories 110,320 100,100 Current liabilities 357,000 346,200
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Use the following information and calculate the quick ratio for
Davis Company and for Bender Inc. Davis Co. Bender Inc. Account Dr.
Cr. Dr. Cr. Cash $321 $425 Cash equivalents 88 95 Current notes
receivable 56 46 Accounts receivable 603 307 Prepaid expenses 55 85
Merchandise inventory 714 898 Fixed assets 920 755 Accumulated
depreciation—Fixed assets $415 $225 Accounts payable 260 198
Current accrued liabilities 213 149 Mortgage payable 917 824
Capital 952 1,215 Total $2,757 $2,757 $2,611 $2,611 a....
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Sherwood, Inc., had the following current assets and current liabilities at the end of two recent years: Year 2 Year 1 (in millions) (in millions) Cash and cash equivalents $4,558 $4,929 Short-term investments, at cost 9,154 3,238 10,292 Accounts and notes receivable, net 9,389 Inventories 2,856 2,856 Prepaid expenses and other current assets 952 1,056 Short-term obligations (liabilities) 381 4,042 Accounts payable and other current liabilities 9,015 8,242 a. Determine the (1) current ratio and (2) quick ratio for both...
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Is there an "Accounts Receivable" in the given information? I
need to calculate the quick ratio and cash ratio, but get the same
answer for both as i don't see an Accounts Receivable for the quick
ratio.
Current assets:
Cash and
cash equivalents
Short-term
investments
Other
current assets
Merchandise
inventory - net
Total
current assets
Property,
less accumulated depreciation
Long-term
investments
Deferred
income taxes - net
Goodwill
Other
assets
Total
assets
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Quick Ratio
Gmeiner Co. had the following current assets and liabilities on
December 31 of two recent years:
Current Year
Previous Year
Current assets:
Cash
$517,000
$736,000
Accounts receivable
459,000
347,000
Inventory
283,000
292,000
Total current assets
$1,259,000
$1,375,000
Current liabilities:
Current portion of long-term debt
$98,000
$86,000
Accounts payable
195,000
171,000
Accrued and other current liabilities
317,000
313,000
Total current liabilities
$610,000
$570,000
a. Determine the quick ratio for December 31 of
both years. If required, round your answers...
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Quick Ratio
Gmeiner Co. had the following current assets and liabilities on
December 31 of two recent years:
Current Year
Previous Year
Current assets:
Cash
$563,000
$524,000
Accounts receivable
499,000
246,000
Inventory
308,000
208,000
Total current assets
$1,370,000
$978,000
Current liabilities:
Current portion of long-term debt
$94,000
$83,000
Accounts payable
189,000
165,000
Accrued and other current liabilities
307,000
302,000
Total current liabilities
$590,000
$550,000
a. Determine the quick ratio for December 31 of
both years. If required, round your answers...
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Print Item Calculator eBook Quick Ratio Gmeiner Co. had the following current assets and liabilities on December 31 of two recent years. Current Year Previous Year Current assets: Cash $500,000 444,000 274,000 $1,218,000 $673,000 317,000 267,000 $1,257,000 Accounts receivable Inventory Total current assets Current liabilities: $83,000 $94,000 Current portion of long-term debt 189,000 165,000 Accounts payable 307,000 302,000 Accrued and other current liabilities $590,000 $550,000 Total current liabilities a. Determine the quick ratio for December 31 of both years. If...
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Quick Ratio Gmeiner Co. had the following current assets and liabilities on December 31 of two recent years: Current Year Previous Year / 336,000 Current assets: Cash $615,000 $598,000 Accounts receivable 545,000 282,000 Inventory 238,000 Total current assets $1,496,000 $1,118,000 Current liabilities: Current portion of long-term debt $93,000 $83,000 Accounts payable 186,000 165,000 Accrued and other current liabilities 301,000 302,000 Total current liabilities $580,000 $550,000 a. Determine the quick ratio for December 31 of both years. If required, round your...
Compute the (1) current ratio and the (2) quick ratio for Nikey, Inc. using the following excerpt from the balance sheet reported in a recent financial statement of Nikey, Inc. At May 31 (in millions) 2020 Current assets Cash and equivalents $6,934 Short-term investments 3,730 Accounts receivable, net 6,044 Inventories 7,807 Deferred income taxes 700 Prepaid expenses and other current assets 3,542 Total current assets $28,757 Current liabilities Current portion of long-term debt $182 Notes payable 126 Accounts payable 3,623...
Calculate the current ratio for 209 and 2020
Calculate the quick ratio for 2019 and 2020
Calculate the the cash ratios for 2019 and 2020
Calculate the operating cash flow ratios 2019 2020
September 30 (in thousands) 2020 2019 Current assets: Cash and cash equivalents Receivables Inventories Other current assets $1,274 30,071 31,796 4,818 $67,959 $6,450 16,548 14,072 2,620 $39,690 Total current assets Current liabilities: Current portion of long-term debt Accounts payable Accrued compensation costs Accrued expenses Other current liabilities...
15. Calculate the working capital, current ratio, and quick ratio for 2018 and 20196 with the following information. Determine if the company is in a better position or worse position to pay its current liabilities. Round ratios to one decimal place. 2019 2018 Cash and cash equivalents $110,650 $100,750 Temporary investments 50,300 68,900 Accounts receivable 180,100 177,750 Inventories 110,320 100,100 Current liabilities 357,000 346,200
Sherwood, Inc., had the following current assets and current liabilities at the end of two recent years: Year 2 Year 1 (in millions) (in millions) Cash and cash equivalents $4,558 $4,929 Short-term investments, at cost 9,154 3,238 10,292 Accounts and notes receivable, net 9,389 Inventories 2,856 2,856 Prepaid expenses and other current assets 952 1,056 Short-term obligations (liabilities) 381 4,042 Accounts payable and other current liabilities 9,015 8,242 a. Determine the (1) current ratio and (2) quick ratio for both...
Print Item Calculator eBook Quick Ratio Gmeiner Co. had the following current assets and liabilities on December 31 of two recent years. Current Year Previous Year Current assets: Cash $500,000 444,000 274,000 $1,218,000 $673,000 317,000 267,000 $1,257,000 Accounts receivable Inventory Total current assets Current liabilities: $83,000 $94,000 Current portion of long-term debt 189,000 165,000 Accounts payable 307,000 302,000 Accrued and other current liabilities $590,000 $550,000 Total current liabilities a. Determine the quick ratio for December 31 of both years. If...
Quick Ratio Gmeiner Co. had the following current assets and liabilities on December 31 of two recent years: Current Year Previous Year / 336,000 Current assets: Cash $615,000 $598,000 Accounts receivable 545,000 282,000 Inventory 238,000 Total current assets $1,496,000 $1,118,000 Current liabilities: Current portion of long-term debt $93,000 $83,000 Accounts payable 186,000 165,000 Accrued and other current liabilities 301,000 302,000 Total current liabilities $580,000 $550,000 a. Determine the quick ratio for December 31 of both years. If required, round your...