Homework Answers
ANSWER
| FREE SPIRIT INDUSTRIES INC. | LEBRON SPORTS EQUIPMENT INC. | |
| QUICK ASSET=CURRENT ASSET-INVENTORY/CURRENT LIABILITIES | 9000-3960/6750=0.75 |
14000-6160/8437=0.93 |
| CURRENT RATIO=CURRENT ASSET/CURRENT LIABILITIES | 9000/6750=1.33 | 14000/8437=1.66 |
Which statement is True ?
1-True, free spirit has less liquidity ratio than lebron sports equipment
2-True,If both current asset and current liabilities will be equal then the ratio will be 1.
3-True, The only difference between quick ratio and current ratio is about inventory and it is correct if the quick ratio will be low then company has to sale more to meet his short term liabilities.
4-False, The Lebron sports equipment has better ablity than the free spirties to meet his short term liabilities because lebron sports equipment has a better current ratio.
5-True, A Increasing Current Ratio always shows improving liquidity position.
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The most recent data from the annual balance sheets of Free Spirit Industries Inc. and LeBron...
The most recent data from the annual balance sheets of Free Spirit Industries Corporation and LeBron...
The most recent data from the annual balance sheets of Free Spirit Industries Corporation and LeBron Sports Equipment Corporation are as follows: Balance Sheet December 31st31st (Millions of dollars) LeBron Sports Equipment Corporation Free Spirit Industries Corporation LeBron Sports Equipment Corporation Free Spirit Industries Corporation Assets Liabilities Current assets Current liabilities Cash $1,435 $922 Accounts payable $0 $0 Accounts receivable 525 338 Accruals 316 0 Inventories 1,540 990 Notes payable 1,793 1,687 Total current assets $3,500 $2,250 Total current liabilities...
Please help these are for a grade! thank you! The most recent data from the annual...
Please help these are for a grade! thank you!
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Please help these are for a grade! thank you!
The most recent data from the annual balance sheets of Free Spirit Industries Inc. and LeBron Sports Equipment Inc. are as follows: Balance Sheet December 31st (Millions of dollars) LeBron Sports Free Spirit LeBron Sports Equipment Inc. Industries Inc. Equipment Inc. Liabilities Free Spirit Industries Inc. Assets Current assets Current liabilities Cash $1,435 $922 Accounts $0 payable Accounts 525 338 Accruals 316 receivable Inventories Notes payable 1,687 1,540 3,500 990 2,250...
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5. Profitability ratios Profitability ratios help in the analysis of the combined impact of liquidity ratios, asset management ratios, and debt management ratios on the operating performance of a firm. Your boss has asked you to calculate the profitability ratios of Petroxy Oil Co. and make comments on its second-year performance as compared to its first-year performance. The following shows Petroxy Oil Co.'s income statement for the last two years. The company had assets of $11,750 million in the first...
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