-
Exercise 4-14 Computing and analyzing acid-test and current ratios LO A1 Case X $ 2,850 Case Y $ 320 350 2,400 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities Case z $1,500 400 See 3,500 900 $ 6,800 600 2,200 700 $3,820 400 $ 6,000 $ 2,400 $1,410 $4,000 Compute the current ratio and acid-test ratio for each of the following separate cases. Current Ratio Choose Denominator: Choose Numerator: Current Ratio Current ratio to 1...
-
compute the current ratio and acid test ratio for each of the
following seperate cases
Exercise 4-14 Computing and analyzing acid-test and current ratios LO A1 points Camaro GTO Torino $2,800 $ 310 $1,500 00600 340 590 450 2,375 2,180 3,450 400 700 900 $5,915 $3,780 $6,900 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities Skipped $2.380 $1.400 $3.950 eBook Hint Compute the current ratio and acid-test ratio for each of the following separate cases....
-
Compute the current ratio and acid-test ratio for each of the following separate cases Torino $ 2,450240 $1,300 400 550 2,200 2,040 3,100 900 6,250 Camaro GTO Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets 520 700 $ 5,220 $ 3,50 270 300 Current liabilities $ 2,240 1,330 3,600 urrent Ratio Choose Numerator: Choose Denominator: Current Ratio Current ratio Camaro GTO Torino to 1 cid-Test Ratio Choose Numerator: Choose Denominator: Acid-Test Ratio Acid-test ratio Camaro GTO Torino...
-
compute the current ratio and the acid test ratio for each of
the following seperate cases.
what is missing
Camaro $2,800 GTO $ 310 Torino $1,500 600 450 3,450 590 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities 3 40 2,375 400 $5,915 $2,380 2.180 700 $3,780 $1,400 $6,900 $3,950 Compute the current ratio and acid-test ratio for each of the following separate cases. Choose Numerator: Current Ratio Choose Denominator: = s Camaro GTO Torino...
-
Torino Camaro GTO Cash $2,200 $1,200 200 Short-term investments 400 Current receivables 800 230 480 Inventory Prepaid expenses 2,100 300 1,960 2,900 900 600 $4,830 $3,240 $6,200 Total current assets $3,400 Current liabilities $2,160 $1,290 Compute the current ratio and acid-test ratio for each of the following separate cases. Current Ratio Choose Numerator: Choose Denominator: Current Ratio Current ratio to 1 Camaro GTO to 1 Torino to 1 Acid-Test Ratio Choose Numerator: Choose Denominator: Acid-Test Ratio Acid-test ratio to 1...
-
Camaro $ 2,650 0 310 2,300 400 $ 5,660 $ 2,320 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities GTO $ 280 0 560 2,120 700 $3,660 $1,370 Torino $ 1,400 400 750 3,300 900 $ 6,750 $3,800 points eBook Compute the current ratio and acid-test ratio for each of the following separate cases. Hint Current Ratio Choose Denominator: Choose Numerator: = Current Ratio Current ratio to 1 Print Camaro GTO Torino to 1 to...
-
Compute the current ratio and acid-test ratio for each of the following separate cases. Camaro $1,950 0 180 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets 1,975 200 $ 4,305 $2,060 GTO $ 150 0 430 1,860 500 $2,940 $1,240 Torino $1,100 600 550 2,650 900 $5,800 $3,150 Current liabilities Current Ratio Choose Denominator: Choose Numerator: Current Ratio Current ratio to 1 maro o to 1 ino to 1 Acid-Test Ratio Choose Numerator: Choose Denominator: Acid-Test Ratio...
-
Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Camaro $1,900 0 170 1,950 200 $ 4,220 GTO $ 140 0 420 1,840 500 $2,900 Torino $1,000 700 500 2,600 900 $5,700 Current liabilities $2,040 $1,230 $3,100 Current Ratio Choose Denominator: Choose Numerator: = Current Ratio Current ratio to 1 Camaro GTO to 1 Torino to 1 Acid-Test Ratio Choose Numerator: Choose Denominator: Acid-Test Ratio Acid-test ratio Camaro to 1 GTO to 1 Torino to 1
-
Exercise 4-13 Computing the current ratio LO A1 Use the information in the following adjusted trial balance for the Wilson Trucking Company. Credit Debit $ 6,400 16,500 2,000 154,000 $ 31,724 75,000 Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking fees earned Depreciation expense-Trucks Salaries expense office supplies expense Repairs expense-Trucks Totals 10,400 3,000 52,000 149,634 19,000 119,500 20, 462 56,046 6,573 10,277...
-
Exercise 3-14 Computing and analyzing the current ratio LO A2 1. Calculate the current ratio for each of the following companies. (Round your answers to 2 decimal places.) Current Ratio Edison MAXT Chatter TRU Gleeson Current Assets $ 73,000 97,090 41,172 79,059 56,137 Current Liabilities $ 38,220 92,088 59,058 99,262 121,451 2. Identify the company with the strongest liquidity position. (These companies are competitors in the same industry.) O Edison O MAXT Chatter O TRU Du Most
Exercise 4-14 Computing and analyzing acid-test and current ratios LO A1 Case X $ 2,850 Case Y $ 320 350 2,400 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities Case z $1,500 400 See 3,500 900 $ 6,800 600 2,200 700 $3,820 400 $ 6,000 $ 2,400 $1,410 $4,000 Compute the current ratio and acid-test ratio for each of the following separate cases. Current Ratio Choose Denominator: Choose Numerator: Current Ratio Current ratio to 1...
compute the current ratio and acid test ratio for each of the
following seperate cases
Exercise 4-14 Computing and analyzing acid-test and current ratios LO A1 points Camaro GTO Torino $2,800 $ 310 $1,500 00600 340 590 450 2,375 2,180 3,450 400 700 900 $5,915 $3,780 $6,900 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities Skipped $2.380 $1.400 $3.950 eBook Hint Compute the current ratio and acid-test ratio for each of the following separate cases....
Compute the current ratio and acid-test ratio for each of the following separate cases Torino $ 2,450240 $1,300 400 550 2,200 2,040 3,100 900 6,250 Camaro GTO Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets 520 700 $ 5,220 $ 3,50 270 300 Current liabilities $ 2,240 1,330 3,600 urrent Ratio Choose Numerator: Choose Denominator: Current Ratio Current ratio Camaro GTO Torino to 1 cid-Test Ratio Choose Numerator: Choose Denominator: Acid-Test Ratio Acid-test ratio Camaro GTO Torino...
compute the current ratio and the acid test ratio for each of
the following seperate cases.
what is missing
Camaro $2,800 GTO $ 310 Torino $1,500 600 450 3,450 590 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities 3 40 2,375 400 $5,915 $2,380 2.180 700 $3,780 $1,400 $6,900 $3,950 Compute the current ratio and acid-test ratio for each of the following separate cases. Choose Numerator: Current Ratio Choose Denominator: = s Camaro GTO Torino...
Torino Camaro GTO Cash $2,200 $1,200 200 Short-term investments 400 Current receivables 800 230 480 Inventory Prepaid expenses 2,100 300 1,960 2,900 900 600 $4,830 $3,240 $6,200 Total current assets $3,400 Current liabilities $2,160 $1,290 Compute the current ratio and acid-test ratio for each of the following separate cases. Current Ratio Choose Numerator: Choose Denominator: Current Ratio Current ratio to 1 Camaro GTO to 1 Torino to 1 Acid-Test Ratio Choose Numerator: Choose Denominator: Acid-Test Ratio Acid-test ratio to 1...
Camaro $ 2,650 0 310 2,300 400 $ 5,660 $ 2,320 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities GTO $ 280 0 560 2,120 700 $3,660 $1,370 Torino $ 1,400 400 750 3,300 900 $ 6,750 $3,800 points eBook Compute the current ratio and acid-test ratio for each of the following separate cases. Hint Current Ratio Choose Denominator: Choose Numerator: = Current Ratio Current ratio to 1 Print Camaro GTO Torino to 1 to...
Compute the current ratio and acid-test ratio for each of the following separate cases. Camaro $1,950 0 180 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets 1,975 200 $ 4,305 $2,060 GTO $ 150 0 430 1,860 500 $2,940 $1,240 Torino $1,100 600 550 2,650 900 $5,800 $3,150 Current liabilities Current Ratio Choose Denominator: Choose Numerator: Current Ratio Current ratio to 1 maro o to 1 ino to 1 Acid-Test Ratio Choose Numerator: Choose Denominator: Acid-Test Ratio...
Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Camaro $1,900 0 170 1,950 200 $ 4,220 GTO $ 140 0 420 1,840 500 $2,900 Torino $1,000 700 500 2,600 900 $5,700 Current liabilities $2,040 $1,230 $3,100 Current Ratio Choose Denominator: Choose Numerator: = Current Ratio Current ratio to 1 Camaro GTO to 1 Torino to 1 Acid-Test Ratio Choose Numerator: Choose Denominator: Acid-Test Ratio Acid-test ratio Camaro to 1 GTO to 1 Torino to 1
Exercise 4-13 Computing the current ratio LO A1 Use the information in the following adjusted trial balance for the Wilson Trucking Company. Credit Debit $ 6,400 16,500 2,000 154,000 $ 31,724 75,000 Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking fees earned Depreciation expense-Trucks Salaries expense office supplies expense Repairs expense-Trucks Totals 10,400 3,000 52,000 149,634 19,000 119,500 20, 462 56,046 6,573 10,277...
Exercise 3-14 Computing and analyzing the current ratio LO A2 1. Calculate the current ratio for each of the following companies. (Round your answers to 2 decimal places.) Current Ratio Edison MAXT Chatter TRU Gleeson Current Assets $ 73,000 97,090 41,172 79,059 56,137 Current Liabilities $ 38,220 92,088 59,058 99,262 121,451 2. Identify the company with the strongest liquidity position. (These companies are competitors in the same industry.) O Edison O MAXT Chatter O TRU Du Most