Which of the following is not included in the computation of the quick ratio? inventory...
- inventory a
- ccounts receivable
- cash
- marketable securities
Homework Answers
Answer: Inventory
Note:
Quick Ratio = (Accounts receivable + Cash + Marketable Securities) / Current Liabilities
or Quick Ratio = (Current Assets - Inventory - Prepaid Expense) / Current Liabilities
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Which of the following is not included in the computation of the quick ratio?
inventory...
Calculating the Current Ratio and the Quick (or Acid-Test) Ratio LoLo Lemon Company has current assets...
Calculating the Current Ratio and the Quick (or Acid-Test) Ratio LoLo Lemon Company has current assets equal to $500,000. Of these, $300,000 is cash, $75,000 is accounts receivable, $125,000 is inventory, and the remainder is marketable securities. Current liabilities total $425,000. Required: Note: Round answers to two decimal places. 1. Calculate the current ratio. 2. Calculate the quick ratio (acid-test ratio).
Based on the following data for Privett Company, what is the quick ratio, rounded to one...
Based on the following data for Privett Company, what is the quick ratio, rounded to one decimal point? Privett Company Accounts payable $32,974 Accounts receivable 66,945 Accrued liabilities 6,765 Cash 20,342 Intangible assets 41,281 Inventory 71,183 Long-term investments 108,643 Long-term liabilities 70,747 Marketable securities 37,577 Notes payable (short-term) 28,460 Property, plant, and equipment 643,301 Prepaid expenses 2,347 Select the correct answer. 1.8 0.8 14.5 2.9
Based on the following data for Privett Company, what is the quick ratio, rounded to one...
Based on the following data for Privett Company, what is the quick ratio, rounded to one decimal point? Privett Company Accounts payable $26,285 Accounts receivable 64,265 Accrued liabilities 6,031 Cash 16,705 Intangible assets 42,963 Inventory 75,487 Long-term investments 105,178 Long-term liabilities 72,616 Marketable securities 33,144 Notes payable (short-term) 28,876 Property, plant, and equipment 643,091 Prepaid expenses 2,830 Select the correct answer. 01.9 0.8 3.1 16.1
The company 's quick ratio is closest to
Eagle company has $9,000 in cash ,$11,000 in marketable securities ,$26,000 in current receivables,$34,000 in inventories and $40,000 in currrent liabilities.The company's quick ratio is closest to (a).1.35 (b)1.15 (c)2.00 (d)1.73
Which of the following is not true about the quick ratio It is best used in...
Which of the following is not true about the quick ratio It is best used in conjunction with other ratios when assessing a supplier's financial health It's the same as current ration except that inventory is subtracted from current assets because inventory is converted to cash Higher quick ratios are preferred to lower quick ratios It is the ratio of a supplier's agility which is also known as how quick a firm is in processing orders A firm's quick ratio...
21. Based on the above data, what is the quick ratio, rounded to one decimal point?...
21. Based on the above data, what is the quick ratio, rounded to one decimal point? a. 2.4 b. 3.4 c. 2.1 d. 1.5 Accounts payable $ 30,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 20,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000
Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection...
Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection period 0.6 5.0 73 days Use the above information from the tables to work out the following missing entries, and then calculate the company's return on equity. Note: Turnover and the average collection period are calculated using start-of-year, not average, values. (Enter your answers in millions. Round intermediate calculations and final answers to 2 decimal places.) INCOME STATEMENT (Figures in $ millions) Net sales...
Short-Term Solvency Ratios (Liquidity Rations) 1. Calculate current ratio and quick/liquid/acid test ratio from the following:...
Short-Term Solvency Ratios (Liquidity Rations) 1. Calculate current ratio and quick/liquid/acid test ratio from the following: A Sundry debtors RO 400,000 Stock RO 160,000 A Marketable securities RO 80,000 Cash RO 120,000 * Prepaid expenses RO 40,000 Bill payables RO 80,000 Sundry creditors RO 160,000 A Debentures RO 200,000 Outstanding Expenses RO 160,000 2 Calculate current ratio and anikliidid tact rastin from the following Short-Term Solvency Ratios (Liquidity Rations) 1. Calculate current ratio and quick/liquid/acid test ratio from the following:...
Which of the following would be considered liquidity or short-term solvency ratios? quick ratio; cash ratio....
Which of the following would be considered liquidity or short-term solvency ratios? quick ratio; cash ratio. quick ratio; times interest earned ratio (TIE). current ratio; long-term debt ratio. current ratio; inventory turnover ratio;
The following items are reported on a company's balance sheet: Cash $335,900 Marketable securities 262,400 Accounts...
The following items are reported on a company's balance sheet: Cash $335,900 Marketable securities 262,400 Accounts receivable (net) 320,100 Inventory 131,200 Accounts payable 328,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio
Based on the following data for Privett Company, what is the quick ratio, rounded to one decimal point? Privett Company Accounts payable $26,285 Accounts receivable 64,265 Accrued liabilities 6,031 Cash 16,705 Intangible assets 42,963 Inventory 75,487 Long-term investments 105,178 Long-term liabilities 72,616 Marketable securities 33,144 Notes payable (short-term) 28,876 Property, plant, and equipment 643,091 Prepaid expenses 2,830 Select the correct answer. 01.9 0.8 3.1 16.1
21. Based on the above data, what is the quick ratio, rounded to one decimal point? a. 2.4 b. 3.4 c. 2.1 d. 1.5 Accounts payable $ 30,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 20,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000
Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection period 0.6 5.0 73 days Use the above information from the tables to work out the following missing entries, and then calculate the company's return on equity. Note: Turnover and the average collection period are calculated using start-of-year, not average, values. (Enter your answers in millions. Round intermediate calculations and final answers to 2 decimal places.) INCOME STATEMENT (Figures in $ millions) Net sales...
Short-Term Solvency Ratios (Liquidity Rations) 1. Calculate current ratio and quick/liquid/acid test ratio from the following: A Sundry debtors RO 400,000 Stock RO 160,000 A Marketable securities RO 80,000 Cash RO 120,000 * Prepaid expenses RO 40,000 Bill payables RO 80,000 Sundry creditors RO 160,000 A Debentures RO 200,000 Outstanding Expenses RO 160,000 2 Calculate current ratio and anikliidid tact rastin from the following Short-Term Solvency Ratios (Liquidity Rations) 1. Calculate current ratio and quick/liquid/acid test ratio from the following:...
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