Homework Answers
Current Ratio = Current Assets / Current Liabilities
Current Assets = Cash + Short-term Investments + Accounts Receivables +Merchnadise Inventory +Prepaid Expense
For YEar 2
= 37,500+90,000+85,000+121,000+12,100 = 346,100
Current Liabilities = Accounts Payables
= 113,400
Currnet Ratio = 346100 /113,400 = 3.05
Answer : 3.05
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Refer to the following selected financial information from Texas Electronics. Compute the company's current ratio for...
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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...
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