Homework Answers
Quick ratio = (Total current assets - Inventories - Prepaid expenses) / Total current liabilities
Quick ratio = ($65,000+$20,000+$36,000) / ($30,000+$7,000+$20,000)
Quick ratio = 2.1
Answer is C. 2.1
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21. Based on the above data, what is the quick ratio, rounded to one decimal point?...
16 - 17 and 18 please... Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory...
16 - 17 and 18 please...
Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment Prepaid expenses $ 40,000 65,000 7,000 30,000 40,000 72,000 110,000 75,000 36,000 30,000 625,000 2,000 16. Based on the above data, what is the amount of quick assets? a. $205,000 b. $203,000 c. $131,000 d. $66,000 17. Based on the above data, what is the amount of working capital? a. $238.000...
stTes Exercise #4 : Análins de los Estados Fin oras (10 PUNTOS **Presente todos sus caleulos...
stTes Exercise #4 : Análins de los Estados Fin oras (10 PUNTOS **Presente todos sus caleulos para llegar al reanltzdo CADA UNO) Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Irventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipmient Prepaid expenses 3 40,000 65,000 7,000 30,000 40,000 72,000 110,000 75,000 36,000 30,000 625,000 2,000 1. Based on the above data, what is the amount of quick assets? 2 $205,000 b. $203,000 c. 3131,000 d....
Based on the following data for Privett Company, what is the quick ratio, rounded to one...
Based on the following data for Privett Company, what is the quick ratio, rounded to one decimal point? Privett Company Accounts payable $32,974 Accounts receivable 66,945 Accrued liabilities 6,765 Cash 20,342 Intangible assets 41,281 Inventory 71,183 Long-term investments 108,643 Long-term liabilities 70,747 Marketable securities 37,577 Notes payable (short-term) 28,460 Property, plant, and equipment 643,301 Prepaid expenses 2,347 Select the correct answer. 1.8 0.8 14.5 2.9
Based on the following data for Privett Company, what is the quick ratio, rounded to one...
Based on the following data for Privett Company, what is the quick ratio, rounded to one decimal point? Privett Company Accounts payable $26,285 Accounts receivable 64,265 Accrued liabilities 6,031 Cash 16,705 Intangible assets 42,963 Inventory 75,487 Long-term investments 105,178 Long-term liabilities 72,616 Marketable securities 33,144 Notes payable (short-term) 28,876 Property, plant, and equipment 643,091 Prepaid expenses 2,830 Select the correct answer. 01.9 0.8 3.1 16.1
Privett Company Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets...
Privett Company Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,000 Inventory 72.000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 400,000 Prepaid expenses 2,000 Based on the data for Privett Company, what is the amount of quick assets? $168,000 $60,000 $96,000 $61,000
1. Based on the following data, what is the amount of working capital? Accounts payable....................$32,000 Accounts...
1. Based on the following data, what is the amount of working capital? Accounts payable....................$32,000 Accounts receivable....................64,000 Accrued liabilities....................7,000 Cash.........................................20,000 Intangible assets............................40,000 Inventory...............................................72,000 Long-term investments...............................100,000 Long-term liabilities.....................................75,000 Marketable securities.................................35,000 Notes payable (short-term)........................20,000 Property, plant, and equipment.................625,000 Prepaid expenses.........................................2,000 WHAT IS WORKING CAPITAL? a. $162,000 b. $134,000 c. $193,000 d. $62,000 2. Use the following data to determine the total dollar amount of assets to be classified as current assets. Cash..............................................$60,000 Prepaid insurance..........................40,000 Accounts receivable......................50,000 Inventory.........................................70,000 Land held for investment................80,000 Land................................................95,000...
Based on the following data for Privett Company, what is the amount of quick assets? Privett...
Based on the following data for Privett Company, what is the amount of quick assets? Privett Company Accounts payable $36,537 Accounts receivable 69,132 Accrued liabilities 6,597 Cash 23,234 Intangible assets 38,408 Inventory 89,428 Long-term investments 119,430 Long-term liabilities 78,929 Marketable securities 36,893 Notes payable (short-term) 28,114 Property, plant, and equipment 695,257 Prepaid expenses 1,856 Select the correct answer O $844,812 O s129,259 O $1,697,907 O 560,127
Notes Payable--$105.000 Marketable securities--$36.000 Prepaid Expenses----$2.000 Sales---$500,000 Cost of Goods Sold---$300,000 Operating Expenses----$155,000 Accounts Payable---$40,000 Accounts...
Notes Payable--$105.000 Marketable securities--$36.000 Prepaid Expenses----$2.000 Sales---$500,000 Cost of Goods Sold---$300,000 Operating Expenses----$155,000 Accounts Payable---$40,000 Accounts Receivable---$65,000 Accrued Liabilities----$38,000 Cash----$30.000 Inventory----$72,000 Equipment----$150,000 Land/Building----$625,000 What is the amount of Quick Assets? O a. $205,000 O b. $203.000 O c. $131,000 O d. $ 66,000
PLS ANSWER ASAP!!! THANKS!! Geluark M and a new Calculator Use the information below for Harding...
PLS ANSWER ASAP!!! THANKS!!
Geluark M and a new Calculator Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $37,973 Accounts receivable 62,839 Accrued liabilities 6,313 Cash 23,838 Intangible assets 38,690 Inventory 80,230 Long-term investments 111,051 Long-term liabilities 77,218 Marketable securities 32,325 Notes payable (short-term) 25,287 Property, plant, and equipment 610,650 Prepaid expenses 1,501 Based on the data for Harding Company, what is the amount of working capital? a $609,149 b. $961,124...
Based on the following data for Privett Company, what is the amount of working capital? Privett...
Based on the following data for Privett Company, what is the amount of working capital? Privett Company Accounts payable $33,666 Accounts receivable 74,533 Accrued liabilities 6,614 Cash 20,940 Intangible assets 38,935 Inventory 76,403 Long-term investments 94,124 Long-term liabilities 72,792 Marketable securities 32,711 Notes payable (short-term) 29,526 Property, plant, and equipment 683,919 Prepaid expenses 2,618 Select the correct answer $1,024,183 $137,399 $207,205 $128,184
16 - 17 and 18 please...
Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment Prepaid expenses $ 40,000 65,000 7,000 30,000 40,000 72,000 110,000 75,000 36,000 30,000 625,000 2,000 16. Based on the above data, what is the amount of quick assets? a. $205,000 b. $203,000 c. $131,000 d. $66,000 17. Based on the above data, what is the amount of working capital? a. $238.000...
stTes Exercise #4 : Análins de los Estados Fin oras (10 PUNTOS **Presente todos sus caleulos para llegar al reanltzdo CADA UNO) Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Irventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipmient Prepaid expenses 3 40,000 65,000 7,000 30,000 40,000 72,000 110,000 75,000 36,000 30,000 625,000 2,000 1. Based on the above data, what is the amount of quick assets? 2 $205,000 b. $203,000 c. 3131,000 d....
Based on the following data for Privett Company, what is the quick ratio, rounded to one decimal point? Privett Company Accounts payable $26,285 Accounts receivable 64,265 Accrued liabilities 6,031 Cash 16,705 Intangible assets 42,963 Inventory 75,487 Long-term investments 105,178 Long-term liabilities 72,616 Marketable securities 33,144 Notes payable (short-term) 28,876 Property, plant, and equipment 643,091 Prepaid expenses 2,830 Select the correct answer. 01.9 0.8 3.1 16.1
Privett Company Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,000 Inventory 72.000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 400,000 Prepaid expenses 2,000 Based on the data for Privett Company, what is the amount of quick assets? $168,000 $60,000 $96,000 $61,000
Based on the following data for Privett Company, what is the amount of quick assets? Privett Company Accounts payable $36,537 Accounts receivable 69,132 Accrued liabilities 6,597 Cash 23,234 Intangible assets 38,408 Inventory 89,428 Long-term investments 119,430 Long-term liabilities 78,929 Marketable securities 36,893 Notes payable (short-term) 28,114 Property, plant, and equipment 695,257 Prepaid expenses 1,856 Select the correct answer O $844,812 O s129,259 O $1,697,907 O 560,127
Notes Payable--$105.000 Marketable securities--$36.000 Prepaid Expenses----$2.000 Sales---$500,000 Cost of Goods Sold---$300,000 Operating Expenses----$155,000 Accounts Payable---$40,000 Accounts Receivable---$65,000 Accrued Liabilities----$38,000 Cash----$30.000 Inventory----$72,000 Equipment----$150,000 Land/Building----$625,000 What is the amount of Quick Assets? O a. $205,000 O b. $203.000 O c. $131,000 O d. $ 66,000
PLS ANSWER ASAP!!! THANKS!!
Geluark M and a new Calculator Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $37,973 Accounts receivable 62,839 Accrued liabilities 6,313 Cash 23,838 Intangible assets 38,690 Inventory 80,230 Long-term investments 111,051 Long-term liabilities 77,218 Marketable securities 32,325 Notes payable (short-term) 25,287 Property, plant, and equipment 610,650 Prepaid expenses 1,501 Based on the data for Harding Company, what is the amount of working capital? a $609,149 b. $961,124...
Based on the following data for Privett Company, what is the amount of working capital? Privett Company Accounts payable $33,666 Accounts receivable 74,533 Accrued liabilities 6,614 Cash 20,940 Intangible assets 38,935 Inventory 76,403 Long-term investments 94,124 Long-term liabilities 72,792 Marketable securities 32,711 Notes payable (short-term) 29,526 Property, plant, and equipment 683,919 Prepaid expenses 2,618 Select the correct answer $1,024,183 $137,399 $207,205 $128,184
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