Mike's Bikes has current assets of $58,000, current liabilities of $42,000 and a long-term note payable...

Question 1

Question

Mikes Bikes has current assets of $58,000, current liabilities of $42,000 and a long-term note payable of $18,000. Calculate

Non-financial goals could include: 0 Increasing sales calls per day from 29-34. O Decreasing payroll costs by 6% over the nex

Non-financial goals for a non-profit agency could include: O Meeting the budget numbers for a grant. O Serving 20,000 meals f

business accounting

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Answer

Answer #1

Current ratio = Current assets / Current liabilities

= $58,000 / $42,000

= 1.38

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The answer is Increasing sales calls per day from 29 - 34

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The answer is Serving 20,000 meals form their soup kitchen each year.

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Mike's Bikes has current assets of $58,000, current liabilities of $42,000 and a long-term note payable...

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Refer to the following financial statements and answer the following questions hints:- 13. cash provided (used)...

Mike's Bikes has current assets of $58,000, current liabilities of $42,000 and a long-term note payable...

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Refer to the following financial statements and answer the following questions hints:- 13. cash provided (used)...

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Mike's Bikes has current assets of $58,000, current liabilities of $42,000 and a long-term note payable...