Calculator Current Position Analysis The following items are reported on a company's balance sheet: Cash $345,000...
Current Position Analysis The following items are reported on a company's balance sheet: Cash $201,200 Marketable securities 157,200 Accounts receivable (net) 135,500 Inventory 134,700 Accounts payable 449,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio
Current Position Analysis The following items are reported on a company's balance sheet: Cash $636,900 Marketable securities 497,600 Accounts receivable (net) 544,900 Inventory 311,000 Accounts payable 622,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio
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
Please answer All questions. 1.) The following items are reported on a company's balance sheet: Cash $607,200 Marketable securities 474,400 Accounts receivable (net) 585,900 Inventory 230,000 Accounts payable 575,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio 2.) A company reports the following: Sales $436,540 Average accounts receivable (net) 18,980 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim...
The following items are reported on a company's balance sheet: Cash $203,200 Marketable securities Accounts receivable Inventory 104,900 261,700 207,900 Accounts payable 315,300 Round your answers to two decimal places. a. Determine the current ratio. b. Determine the quick ratio.
The following items are reported on a company's balance sheet: Cash $234,100 Marketable securities 80,100 Accounts receivable 234,000 Inventory 183,100 Accounts payable 279,700 Round your answers to two decimal places. a. Determine the current ratio. b. Determine the quick ratio.
The following items are reported on a company's balance sheet: Cash $287,100 Marketable securities 102,900 Accounts receivable 274,600 Inventory 205,900 Accounts payable 278,200 Round your answers to two decimal places. a. Determine the current ratio. b. Determine the quick ratio.
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $421,800 $332,800 Marketable securities 488,400 374,400 Accounts and notes receivable (net) 124,800 Inventories 507,500 199,800 732,600 377,400 $2,220,000 Prepaid expenses 324,500 Total current assets $1,664,000 Current liabilities: Accounts and notes payable (short-term) $429,200 $448,000 Accrued liabilities 310,800 192,000 Total current liabilities $740,000 $640,000 a. Determine for each year (1) the...
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $627,000 $494,000 Marketable securities 726,000 555,800 Accounts and notes receivable (net) 297,000 185,200 Inventories 544,500 277,500 Prepaid expenses 280,500 177,500 Total current assets $2,475,000 $1,690,000 Current liabilities: Accounts and notes payable (short-term) $435,000 $455,000 Accrued liabilities 315,000 195,000 Total current liabilities $750,000 $650,000 a. Determine for each year (1) the...
Current position analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $502,700 $440,000 Marketable securities 662,100 519,200 Accounts and notes receivable (net) 815,200 624,800 Inventories 1,221,800 695,900 Prepaid expenses 604,200 432,700 Total current assets $3,806,000 $2,712,600 Current liabilities: Accounts and notes payable (short-term) $797,500 $660,000 Accrued liabilities 302,500 330,000 Total current liabilities $1,100,000 $990,000 Determine for each year (1) the working...