Homework Answers
Solution 1: Calculation of current ratios;
Current Ratio = Current assets/current liabilities
| Company | Current assets(in $) | Current liabilities(in $) | Current ratio(Times) |
| Edison | 73000 | 38220 | 1.91 |
| MAXT | 97090 | 92088 | 1.05 |
| Chatter | 41172 | 59058 | 0.70 |
| TRU | 79059 | 99262 | 0.80 |
| Gleeson | 56137 | 121451 | 0.46 |
Solution 2
Company Edison has the strongest liquidity position (i.e 1.91 times) among the give group of companies.
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Exercise 3-14 Computing and analyzing the current ratio LO A2 1. Calculate the current ratio for...
1. Calculate the current ratio for each of the following companies. (Round your answers to 2...
1. Calculate the current ratio for each of the following companies. (Round your answers to 2 decimal places.) Current Ratio Edison MAXT Current Current Assets Liabilities $ 84,000 $ 37,838 111,720 91,167 47,376 58,467 90,972 98,269 64,596 120,237 Chatter TRU Gleeson 2. Identify the company with the strongest liquidity position. These companies are competitors in the same industry.) O Edison O MAXT O Chatter O TRU O Gleeson
3 part 2 Assignment Saving 15 1. Calculate the current ratio for each of the following...
3 part 2 Assignment Saving 15 1. Calculate the current ratio for each of the following companies. (Round your answers to 2 decimal places.) Current Ratio Edison MAXT Chatter Current Assets $ 89,000 118,370 50. 196 96 387 04:11:31 Current Liabilities $ 50,568 121 840 78,138 131,332 160,690 TRU Gleeson Book 68,441 Hint rint rences 2. Identify the company with the strongest liquidity position. (These companies are competitors in the same industry:) Edison O MAXT O Chatter O TRU O...
1. Calculate the current ratio for each of the following companles. (Round your answers to 2...
1. Calculate the current ratio for each of the following companles. (Round your answers to 2 decimal places.) Current Ratio Edison | МАХТ Chatter TRU Current Current Assets Liabilities $ 77,000 $ 31,429 102,410 75,725 43,428 48,564 83,391 81,624 59,213 99,870 Gleeson 2. Identify the company with the strongest liquidity position. (These companies are competitors in the same Industry.) O Edison O MAXT O Chatter OTRU O Gleeson
Chapter 3 Exercises A Saved 1. Calculate the current ratio for each of the following companies....
Chapter 3 Exercises A Saved 1. Calculate the current ratio for each of the following companies. (Round your answers to 2 decimal places.) 17 Current Ratio points $ Edison MAXT Current Assets 72,000 95,760 40,608 77,976 55,368 Current Liabilities $ 38,298 92,276 59,178 99,464 121,699 Chatter eBook TRU Gleeson Hint Print 2. Identify the company with the strongest liquidity position. (These companies are competitors in the same industry.) Edison ОМАХТ Chatter OTRU Gleeson
1. Calculate the current ratio for each of the following companies. (Round your answers to 2 decimal places.)
. Calculate the current ratio for each of the following companies. (Round your answers to 2 decimal places.) 2. Identify the company with the strongest liquidity position. (These companies are competitors in the same industry.) EdisonMAXTChatterTRUGleeson
Problem 2: Based on the amounts shown in Figure 2, calculate the current ratio for each...
Problem 2: Based on the amounts shown in Figure 2, calculate the current ratio for each of the following companies (round the ratio to two decimals). The companies listed below represent competitors in the same industry. Identify the company with the strongest liquidity position. Figure 2. Current Assets and Current Liabilities Account Title Current Assets Edison MAXT $79,040 104,880 45,080 85,680 Current Liabilities $32,000 76,000 49,000 Chatter TRU 81,600 100,000 Gleeson 61,000 I B I. Ib. Current Current Current Assets...
Calculate the current ratio for the following companies Current assets Current liabilities &
Calculate the current ratio for the following companies Current assets Current liabilities Current Ratio Edison 74,000 31,224 MAXT 98,420 75,231 CHATTER 41,736 48,247 TRU 80,142 81,092 GLESSON 56,906 99,219
Exercise 4-14 Computing and analyzing acid-test and current ratios LO A1 Compute the current ratio and...
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...
Saved Help Save & E QS 4-15 Computing and analyzing gross margin ratio LO A2 Salo...
Saved Help Save & E QS 4-15 Computing and analyzing gross margin ratio LO A2 Salo Sales discounts Sales returns and allowances Coat of goods sold Carrier Lennox Trane York $150,000 $550,000 $38,700 $255,700 5,000 17,500 600 4,800 20,000 6,000 5,100 900 79,750 329,589 24,453 126,500 Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies. (Round your gross margin ratio to 1 decimal place; i.e.; 0.2367 should be entered as 23.7%) Carrier...
QS 4-14 Computing and analyzing gross margin ratio LO A2 $162,000 $790,000 $50,000 $269,000 Sales Sales...
QS 4-14 Computing and analyzing gross margin ratio LO A2 $162,000 $790,000 $50,000 $269,000 Sales Sales discounts Sales returns and allowances Cost of goods sold 4,600 1,400 91,516 473,388 34,111 130,448 5,000 18,000 600 20,000 6,000 5,100 Compute net sales, gross profit, and the gross margin ratio for each separate case a through d. (Round your gross margin ratio to 1 decimal place; i.е.; 0.2367 should be entered as 23.7%.) Net sales Gross profit Gross margin ratio
1. Calculate the current ratio for each of the following companies. (Round your answers to 2 decimal places.) Current Ratio Edison MAXT Current Current Assets Liabilities $ 84,000 $ 37,838 111,720 91,167 47,376 58,467 90,972 98,269 64,596 120,237 Chatter TRU Gleeson 2. Identify the company with the strongest liquidity position. These companies are competitors in the same industry.) O Edison O MAXT O Chatter O TRU O Gleeson
3 part 2 Assignment Saving 15 1. Calculate the current ratio for each of the following companies. (Round your answers to 2 decimal places.) Current Ratio Edison MAXT Chatter Current Assets $ 89,000 118,370 50. 196 96 387 04:11:31 Current Liabilities $ 50,568 121 840 78,138 131,332 160,690 TRU Gleeson Book 68,441 Hint rint rences 2. Identify the company with the strongest liquidity position. (These companies are competitors in the same industry:) Edison O MAXT O Chatter O TRU O...
1. Calculate the current ratio for each of the following companles. (Round your answers to 2 decimal places.) Current Ratio Edison | МАХТ Chatter TRU Current Current Assets Liabilities $ 77,000 $ 31,429 102,410 75,725 43,428 48,564 83,391 81,624 59,213 99,870 Gleeson 2. Identify the company with the strongest liquidity position. (These companies are competitors in the same Industry.) O Edison O MAXT O Chatter OTRU O Gleeson
Chapter 3 Exercises A Saved 1. Calculate the current ratio for each of the following companies. (Round your answers to 2 decimal places.) 17 Current Ratio points $ Edison MAXT Current Assets 72,000 95,760 40,608 77,976 55,368 Current Liabilities $ 38,298 92,276 59,178 99,464 121,699 Chatter eBook TRU Gleeson Hint Print 2. Identify the company with the strongest liquidity position. (These companies are competitors in the same industry.) Edison ОМАХТ Chatter OTRU Gleeson
Problem 2: Based on the amounts shown in Figure 2, calculate the current ratio for each of the following companies (round the ratio to two decimals). The companies listed below represent competitors in the same industry. Identify the company with the strongest liquidity position. Figure 2. Current Assets and Current Liabilities Account Title Current Assets Edison MAXT $79,040 104,880 45,080 85,680 Current Liabilities $32,000 76,000 49,000 Chatter TRU 81,600 100,000 Gleeson 61,000 I B I. Ib. Current Current Current Assets...
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...
Saved Help Save & E QS 4-15 Computing and analyzing gross margin ratio LO A2 Salo Sales discounts Sales returns and allowances Coat of goods sold Carrier Lennox Trane York $150,000 $550,000 $38,700 $255,700 5,000 17,500 600 4,800 20,000 6,000 5,100 900 79,750 329,589 24,453 126,500 Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies. (Round your gross margin ratio to 1 decimal place; i.e.; 0.2367 should be entered as 23.7%) Carrier...
QS 4-14 Computing and analyzing gross margin ratio LO A2 $162,000 $790,000 $50,000 $269,000 Sales Sales discounts Sales returns and allowances Cost of goods sold 4,600 1,400 91,516 473,388 34,111 130,448 5,000 18,000 600 20,000 6,000 5,100 Compute net sales, gross profit, and the gross margin ratio for each separate case a through d. (Round your gross margin ratio to 1 decimal place; i.е.; 0.2367 should be entered as 23.7%.) Net sales Gross profit Gross margin ratio
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