Homework Answers
For year 2
Cash = $37,900
Short term investment = $94,000
Accounts receivable = $87,500
Merchandise inventory = $123,000
Prepaid expense = $12,500
Current assets = Cash + Short term investment + Accounts receivable + Accounts receivable + Prepaid expense
= 37,900 + 94,000 + 87,500 + 123,000 + 12,500
= $354,900
Current liabilties = Accounts payable
= $111,400
Working capital = Current assets - Current liabilties
= 354,900 - 111,400
= $243,500
Correct option is third
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Refer to the following selected financial information from Texas Electronics, Compute the company's working capital for...
Refer to the following selected financial information from Texas Electronics Compute the company's working capital for...
Refer to the following selected financial information from Texas Electronics Compute the company's working capital for Year 2. Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 Year 1 $ 37,500 $ 36,850 90,000 90,000 85,500 86,250 121,000 117,000 12,100 13,500 388,000 392,000 113,400 111,750 711,000 706,000 390,090 385,500 ο $232,700. ο $220,600. ο $147,200. ο $111,700. ο $142,700.
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Refer to the following selected financial information from Texas Electronics Compute the company's accounts receivable turnover...
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pls help? Refer to the following selected financial information from Texas Electronics Compute the company's accounts...
pls help?
Refer to the following selected financial information from Texas Electronics Compute the company's accounts receivable turnover for Year 2 Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 Year 1 $ 37,500 $ 36,850 90,000 90,000 85,500 86,250 121,800 117,899 12,129 13,500 388,000 392,000 113,400 111,750 711,eee 706, eee 390, 385,500 Multiple Choice 8.28 100 8.62 o 828. o 8.62 o 790. o 5.78. o...
Refer to the following selected financial information from Texas Electronics Compute the company's accounts receivable turnover...
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Refer to the following selected financial information from McCormik, LLC. Compute the company's working capital for...
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Refer to the following selected financial information from McCormik, LLC. Compute the company's working capital for...
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Refer to the following selected financial information from Texas Electronics Compute the company's working capital for Year 2. Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 Year 1 $ 37,500 $ 36,850 90,000 90,000 85,500 86,250 121,000 117,000 12,100 13,500 388,000 392,000 113,400 111,750 711,000 706,000 390,090 385,500 ο $232,700. ο $220,600. ο $147,200. ο $111,700. ο $142,700.
Refer to the following selected financial information from Texas Electronics. Compute the company's current ratio for Year 2. Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 Year 1 $ 37,500 $ 36,850 90,000 90,000 85,500 86,250 121,000 117,000 12,100 13,500 388,000 392,000 113,400 111,750 711,000 706,000 390,000 385,500 Multiple Choice 1.88 3.05 2.26
Refer to the following selected financial information from Texas Electronics Compute the company's accounts receivable turnover for Year 2 Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 Year 1 $ 39,200 $ 33,950 107,000 68,500 94,000 88,000 129,500 133,500 13,800 11,400 396,500 346,500 104,900 116,300 719,500 684,500 398,509 383,500
pls help?
Refer to the following selected financial information from Texas Electronics Compute the company's accounts receivable turnover for Year 2 Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 Year 1 $ 37,500 $ 36,850 90,000 90,000 85,500 86,250 121,800 117,899 12,129 13,500 388,000 392,000 113,400 111,750 711,eee 706, eee 390, 385,500 Multiple Choice 8.28 100 8.62 o 828. o 8.62 o 790. o 5.78. o...
Refer to the following selected financial information from Texas Electronics Compute the company's accounts receivable turnover for Year 2 Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 Year 1 $ 38,900 $ 33,650 104,000 67,000 92,500 86,500 128,000 132,000 13,500 11,100 395,000 345,000 106,400 114,800 718,000 683,000 397,000 382,000 Multiple Choice 8.02 7.76 6.90 O 5.61 8.30 < Prey 29 of 36 !!! Next > search...
Refer to the following selected financial information from McCormik, LLC. Compute the company's current ratio for Year 2. Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 Year 1 $ 37,700 $ 32,450 92,000 61,000 86,500 80,500 122,000 126,000 12,300 9,900 389,000 339,000 112,400 108,800 712,000 677,000 391,000 376,000 0 0 0 0 Refer to the following selected financial information from McCormik, LLC. Compute the company's inventory...
Refer to the following selected financial information from McCormik, LLC. Compute the company's working capital for Year 2. Year 2 Year 1 Cash $ 39,400 $ 34,150 Short-term investments 109,000 69,500 Accounts 95,000 receivable, net 89,000 Merchandise inventory 130,500 134,500 Prepaid expenses 14,000 11,600 Plant assets 397,500 347,500 Accounts payable 103,900 117,300 Net sales 720,500 685,500 Cost of goods sold 399,580 384,500 Multiple Choice $175,000 $270,000 $189,000 $284,000 $153,500.
Refer to the following selected financial information from McCormik, LLC. Compute the company's working capital for Year 2 Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses plant assets Accounts payable Net sales Coat of goods sold Year 2 Year 1 3 Зв, 800 $ 33, 550 103,000 66,500 92,000 86,000 127,500 131,500 13, 400 11,000 394,500 344,500 106,900 114, 300 717, 500 602, 500 396,500 301, 500 Multiple Choice o 3175,800. o О 3254,400. o $267,800. o (...
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