Using the following year-end information for WorkFit calculate the acid-test ratio: Cash Short-term investments Accounts receivable...
Using the following year-end information for Calvin's Clothing, calculate the current ratio and acid-test ratio for the business: Cash Short-term investments Accounts receivable Inventory Prepaid expenses Accounts payable Other current payables $ 51,680 8,000 46,000 150,000 8,520 102,000 30,100 Multiple Choice 1.00 and 1.00 0.50 and 1.25 < Prey 3 of 3 !!! Next > .pdf
Using the following year-end information for Bauman, LLC, calculate the current ratio and acid-test ratio: Cash Short-term investments Accounts receivable Inventory Prepaid expenses Accounts payable Other current payables $70,200 12,800 49,500 242,000 18,000 100,500 28,000 Multiple Choice O 3.05 and 0.33 Ο. 3.05 and 1.03. Ο 2.91 and 97. Ο Ο 117 and 3.91. Ο 97 and 3.05.
Using the following year-end information for Calvin's Clothing, calculate the current ratio and acid-test ratio for the business: Cash Short-term investments Accounts receivable Inventory Prepaid expenses Accounts payable Other current payables $ 58,660 14,500 59,000 280,000 9,640 108,500 32,100
Using the following year-end information for Calvin’s Clothing, calculate the current ratio and acid-test ratio for the business: Cash $ 51,680 Short-term investments 8,000 Accounts receivable 46,000 Inventory 150,000 Prepaid expenses 8,520 Accounts payable 102,000 Other current payables 30,100 rev: 07_10_2018_QC_CS-131052 1.00 and 1.25 .50 and 1.25 2.50 and 1.25 2.00 and 0.80 1.00 and 0.80
A company has the following accounts. What is the acid test ratio? Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock Wages payable Consulting fees earned Rent expense Salaries expense Telephone expense Miscellaneous expense $10,000 20,500 2,625 34,153 14,535 18,352 54,490 2,000 13,718 3,673 6,642 560 280 Multiple Choice 4.00% O 4.50% О 1.75% O 2.30% O 1.50% The credit terms 5/15, n/30 are interpreted as: Multiple Choice 30% discount If paid within 15 days. 5% discount...
Bronco Electronics' current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data were abstracted from a recent financial statement: Inventory Total assets Current ratio Acid-test ratio Debt to equity ratio $ 180,000 $1,580,000 3.0 2.40 1.5 Required: Compute the long-term liabilities for Bronco: Long-term liabilities
Bronco Electronics' current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data were abstracted from a recent financial statement: Inventory Total assets Current ratio Acid-test ratio Debt to equity ratio $ 185,000 $1,610,000 3.1 2.10 1.8 Required: Compute the long-term assets for Bronco: Long-term assets
The balance sheet for Shrubs Landscaping, Inc. includes Cash $54,000 Short-term investments $154,000 Accounts Receivable $96,000 Inventory $360,000 Prepaid Insurance $42,000 Equipment $675,000 Accounts Payable $150,000 Unearned Revenue $100,000 Salaries Payable $15,000 Taxes Payable $5,000 Bonds Payable $750,000 Stockholder’s Equity $361,000 Calculate the acid-test (quick) ratio for Shrubs: (Round your answer to two decimal places.) 2.46 2.61 2.03 1.13
Bronco Electronics' current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data were abstracted from a recent financial statement: Inventory $ 170,000 Total assets $ 1,520,000 Current ratio 3.7 Acid-test ratio 2.45 Debt to equity ratio 1.5 Required: Compute the current assets for Bronco?
5. Calculate the quick ratio (acid test ratio) for a company given the following information: Cash A/R (net) Inventory Short term investments Fixed Assets (net) Long-term investments $10,000 $12,000 $30,000 $25,000 $115,000 $150,000 Accounts Payable $10,000 Other Short term liabilities: $27,000 Long-term liabilities: $50,000