Homework Answers
a) Liquidity Ratio = Current Assets / Current Liabilities
Current assets = Cash + marketable securities + Checking account = $3220 + $1090 + $840 = $5150
Current liabilities = Credit card payables + short - term notes payable = $1270 + $830 = $2100
Liquidity Ratio = $5150 / $2100 = 2.45
b) option c
Add Answer to:
Question Liquidity ratio Josh Smith has compiled some of his personal financial data in order to...
Liquidity ratio Josh Smith has compled some of his personal financial data in order to determine...
Liquidity ratio Josh Smith has compled some of his personal financial data in order to determine his liquidity position. The data are as follows Account Amount Cash $3,280 1,080 780 1,170 830 Marketable securities Checking account Credit card payables Short-term notes payable a. Calculate Josh's liquidity ratio b Several of Josh's friends have told him that they have liquidity ratios of about 2 1 How would you analyze Josh's liquidity relative to his friends? a. Josh's liquidity ratio is□ (Round...
Please answer both parts Liquidity ratio Josh Smith has compiled some of his personal financial data...
Please answer both parts
Liquidity ratio Josh Smith has compiled some of his personal financial data in order to determine his liquidity position. The data are as follows Account Amount Cash Marketable securities Checking account Credit card payables Short-term notes payable $3,280 1,030 770 1,220 1030 a. Calculate Josh's liquidity ratio b. Several of Josh's friends have told him that they have liquidity ratios of about 1.7. How would you analyze Josh's liquidity relative to his friends? a. Josh's liquidity...
Data Table X - !! Question ent analys al statemer ndustries' 2018 and 2019 the company's...
Data Table X - !! Question ent analys al statemer ndustries' 2018 and 2019 the company's o B $160,000 106,300 $53,700 | (Rour over is Zach Industries Income Statement for the Year Ended December, 31, 2019 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses N Selling expense General and administrative expenses Lease expense Depreciation expense Total operating expense Operating profits Less: Interest expense Net profits before taxes ction perio %. (Roy earnedral $16,300 10.100 1,040 9.800...
Please answer question 1,2,3 in details and explanation CASE 4 HELPING HAND ACCOUNTING FUNDAMENTALS "I got...
Please answer question 1,2,3 in details and explanation
CASE 4 HELPING HAND ACCOUNTING FUNDAMENTALS "I got real lucky when I was fired," William Pendleton was fond of telling his employees and business associates. Pendleton was an insurance salesman in Illinois nea hobby, he loved to tinker around the house and he developed a local reputation as a person who knew how to "fix things." Pendleton decided to capitalize on this reputation and opened a hardware store, Helping Hand, based on...
I need help on part B (C-F) please. I will rate the question if I get...
I need help on part B (C-F) please. I will rate the question if
I get it wrong or right on my homework.
MINICASE Scandi Home Furnishings, Inc. high grade plastics Kaj Rasmussen founded Scandi Home Furnishings as a corporation during mid 2013. Sales during the first full year (2018) of operation reached $1.3 million Sales increased by 15 percent in 2015 and another 20 percent in 2016. However, after increasing in 2015 over 2014, profits fall sharply in 2016,...
CASE 1-5 Financial Statement Ratio Computation Refer to Campbell Soup Company's financial Campbell Soup statements in...
CASE 1-5 Financial Statement Ratio Computation Refer to Campbell Soup Company's financial Campbell Soup statements in Appendix A. Required: Compute the following ratios for Year 11. Liquidity ratios: Asset utilization ratios:* a. Current ratio n. Cash turnover b. Acid-test ratio 0. Accounts receivable turnover c. Days to sell inventory p. Inventory turnover d. Collection period 4. Working capital turnover Capital structure and solvency ratios: 1. Fixed assets turnover e. Total debt to total equity s. Total assets turnover f. Long-term...
9. If the stable developers such as HRI have a total debt-to-total assets ratio in the range of 48-55 percent, how much flexibility for future financing will HRI have if is issued at present? Cas...
9. If the stable developers such as HRI have a total
debt-to-total assets ratio in the range of 48-55 percent, how much
flexibility for future financing will HRI have if is issued at
present?
Case 31 The Debt versus Equity Financing Alternative High Rock Industries Kathleen Crawford, president and CEO of High Rock Industries, reflected upon the company's growth since its inception in 1975. That growth, indicative of the activity in land development in the mid-Atlantic region of the United...
Actions that damage a company and its employees should be stamped out, everyone would agree. But ...
Actions that damage a company and its employees should be stamped out, everyone would agree. But should the people responsible be stamped out, too? HBR CASE STUDY The Reign of Zero Tolerance by Ben Gerson "Mr. Pemberton?" manager. The guards had radioed her that the "Yes, that's me," Simon replied distractedly, his back turned. target wasn't putting up much resistance. "Your personal belongings will be messen The two burly gentlemen who had suddenly gered to your home later today," Sallie...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...
Liquidity ratio Josh Smith has compled some of his personal financial data in order to determine his liquidity position. The data are as follows Account Amount Cash $3,280 1,080 780 1,170 830 Marketable securities Checking account Credit card payables Short-term notes payable a. Calculate Josh's liquidity ratio b Several of Josh's friends have told him that they have liquidity ratios of about 2 1 How would you analyze Josh's liquidity relative to his friends? a. Josh's liquidity ratio is□ (Round...
Please answer both parts
Liquidity ratio Josh Smith has compiled some of his personal financial data in order to determine his liquidity position. The data are as follows Account Amount Cash Marketable securities Checking account Credit card payables Short-term notes payable $3,280 1,030 770 1,220 1030 a. Calculate Josh's liquidity ratio b. Several of Josh's friends have told him that they have liquidity ratios of about 1.7. How would you analyze Josh's liquidity relative to his friends? a. Josh's liquidity...
Data Table X - !! Question ent analys al statemer ndustries' 2018 and 2019 the company's o B $160,000 106,300 $53,700 | (Rour over is Zach Industries Income Statement for the Year Ended December, 31, 2019 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses N Selling expense General and administrative expenses Lease expense Depreciation expense Total operating expense Operating profits Less: Interest expense Net profits before taxes ction perio %. (Roy earnedral $16,300 10.100 1,040 9.800...
Please answer question 1,2,3 in details and explanation
CASE 4 HELPING HAND ACCOUNTING FUNDAMENTALS "I got real lucky when I was fired," William Pendleton was fond of telling his employees and business associates. Pendleton was an insurance salesman in Illinois nea hobby, he loved to tinker around the house and he developed a local reputation as a person who knew how to "fix things." Pendleton decided to capitalize on this reputation and opened a hardware store, Helping Hand, based on...
I need help on part B (C-F) please. I will rate the question if
I get it wrong or right on my homework.
MINICASE Scandi Home Furnishings, Inc. high grade plastics Kaj Rasmussen founded Scandi Home Furnishings as a corporation during mid 2013. Sales during the first full year (2018) of operation reached $1.3 million Sales increased by 15 percent in 2015 and another 20 percent in 2016. However, after increasing in 2015 over 2014, profits fall sharply in 2016,...
CASE 1-5 Financial Statement Ratio Computation Refer to Campbell Soup Company's financial Campbell Soup statements in Appendix A. Required: Compute the following ratios for Year 11. Liquidity ratios: Asset utilization ratios:* a. Current ratio n. Cash turnover b. Acid-test ratio 0. Accounts receivable turnover c. Days to sell inventory p. Inventory turnover d. Collection period 4. Working capital turnover Capital structure and solvency ratios: 1. Fixed assets turnover e. Total debt to total equity s. Total assets turnover f. Long-term...
9. If the stable developers such as HRI have a total
debt-to-total assets ratio in the range of 48-55 percent, how much
flexibility for future financing will HRI have if is issued at
present?
Case 31 The Debt versus Equity Financing Alternative High Rock Industries Kathleen Crawford, president and CEO of High Rock Industries, reflected upon the company's growth since its inception in 1975. That growth, indicative of the activity in land development in the mid-Atlantic region of the United...
Actions that damage a company and its employees should be stamped out, everyone would agree. But should the people responsible be stamped out, too? HBR CASE STUDY The Reign of Zero Tolerance by Ben Gerson "Mr. Pemberton?" manager. The guards had radioed her that the "Yes, that's me," Simon replied distractedly, his back turned. target wasn't putting up much resistance. "Your personal belongings will be messen The two burly gentlemen who had suddenly gered to your home later today," Sallie...
Most questions answered within 3 hours.
-
Derive the long wavelength limit of the Planck energy density
distribution
asked 7 minutes ago -
Phosphorous + bromine = phosphorous tribromide. If 35.0 g of
bromine are reacted and 27.9 grams...
asked 17 minutes ago -
Calculate the pH of each of the following solutions.
0.50 M HBr
3.1×10−4 M KOH
4.2×10−5...
asked 3 hours ago -
For the year ended December 31, Depot Max’s cost of merchandise
sold was $85,600. Inventory at the...
asked 3 hours ago -
Week 10 - Professional Memo Assignment
Professional Memo Assignment
Your mission for this week, should you...
asked 3 hours ago -
Write a Python program that stores the data for each
player on the team, and it...
asked 3 hours ago -
In
the last 3 months, mike never knows when he is going to get his
allowance...
asked 4 hours ago -
Is Ca(OH)2 a Bronsted base, Lewis base, or both? Why?
asked 4 hours ago -
1A- Why don’t voters complain about U.S. tariffs on imported
sugar?
Because sugar is only a...
asked 4 hours ago -
Cash Payback Period
Primera Banco is evaluating two capital investment proposals for
a drive-up ATM kiosk,...
asked 4 hours ago -
Create a button in Swift (Xcode) that will create a charge,
create a charge using Stripe's...
asked 4 hours ago -
The reaction rate of CO and NO2 in the reaction
CO(g) + NO2(g) → CO2(g) +...
asked 4 hours ago