ZuoTi.Pro
Question

Select any one public company that interests you, look up its stock symbol on the Internet,...

Select any one public company that interests you, look up its stock symbol on the Internet, and enter this symbol into the quote lookup box under the finance link at Yahoo. Using the data available, calculate the current ratio and quick ratio for this company. Is there a difference between these two measures for this specific organization? Why or why not? If there is a difference, explain what exactly is causing it.

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Inventory= $100,000

Cash= $50,000

Receivables= $70,000

Paybles= $60,000

Bank Over Draft= $40,000

Short term Loan= 30,000

Current Ratio= Current assets/ Current Liabilities = (100,000+50,000+70,000)/(60,000+40,000+30,000)= 1.69 times

Quick Ratio= Total Current Assets- Inventories/ Total Current Liabilities= (220,000- 100,000)/130,000= 0.92 times

In this example we got difference between Current ratio & Quick Ratio Becasue while calculating quick ratio we select all the currents except Inventories & Prepaid Expenses. We exclude Inventories because we cannot convert the invetories into cash in just few days.

0 0
Add a comment
Know the answer?
Add Answer to:
Select any one public company that interests you, look up its stock symbol on the Internet,...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Select a large U.S. public corporation you are familiar with or which interests you. It should...

    Select a large U.S. public corporation you are familiar with or which interests you. It should be on the Fortune 500 list. Using the company's most recent annual report (or Form 10-K) from the company's Investor Relations web page and other credible internet sources, develop a short (1.5 to 2 page) profile of the corporation. Obtain and attach a PDF version of the most recent annual report (or Form 10-K) from the company's web site. Include the following information: Name...

  • Select a large U.S. public corporation you are familiar with or which interests you. It should be...

    Select a large U.S. public corporation you are familiar with or which interests you. It should be on the Fortune 500 list. Using the company's most recent annual report (or Form 10-K) from the company's Investor Relations web page and other credible internet sources, develop a short (1.5 to 2 page) profile of the corporation. Obtain and attach a PDF version of the most recent annual report (or Form 10-K) from the company's web site. Include the following information: Name...

  • Select a large U.S. public corporation in your pathway (Business) that interests you. It should be...

    Select a large U.S. public corporation in your pathway (Business) that interests you. It should be on the Fortune 500 list. Using the company's most recent annual report (or Form 10-K) from the company's Investor Relations web page and other credible internet sources, develop a short (1.5 to 2 page) profile of the corporation. Obtain and attach a PDF version of the most recent annual report (or Form 10-K) from the company's web site. Include the following information: Name of...

  • When Walmart sells an item for $100, what was their cost on that item? Do you...

    When Walmart sells an item for $100, what was their cost on that item? Do you have a number in your head? OK, now let’s find out. Here is a link to Walmart’s 2018 annual report. Walmart 2018 Annual Report Look on page 55 of the report (page 61 of the PDF) and you will find their income statement. You will see that their net sales for the year were $495,761 (that’s in millions; i.e. they left off six zeros,...

  • Case study Company Case Campbell Soup Company: Watching What You Eat You might think that a well-known, veteran consumer products company like the Campbell Soup Company has it made. After all, when pe...

    Case study Company Case Campbell Soup Company: Watching What You Eat You might think that a well-known, veteran consumer products company like the Campbell Soup Company has it made. After all, when people think of soup, they think of Campbell’s. In the $5 billion U.S. soup market, Campbell dominates with a 44 percent share. Selling products under such an iconic brand name should be a snap. But if you ask Denise Morrison, CEO of Campbell, she’ll tell you a different...

  • Amazon to Competition: We Will Crush You! Amazon to Employees: We Will Churn You! Globally, Amazon...

    Amazon to Competition: We Will Crush You! Amazon to Employees: We Will Churn You! Globally, Amazon is one of the largest and most successful companies in any industry. Technological innovation has contributed to its success, as has its employee acquisition practices, which are exceptionally high. The question is what has allowed this company to thrive and maintain its success? This activity is important because it shows how companies like Amazon hire based on personality and individual differences. Such companies place...

  • write up an essay on the problems in budgeting derived from the articles (i do Upvote...

    write up an essay on the problems in budgeting derived from the articles (i do Upvote the answers ) Why Budgeting Kills Your Company HBSWK Pub. Date: Aug '1 1, 2003 Why doesn't the budget process work? Read what experts say about not only changing your budgeting process, but whether your company should dispense with budgets entirely. by Loren Gary The average billion-dollar company spends as many as 25,000 person-days per year putting together the budget. If this all paid...

  • Playgrounds and Performance: Results Management at KaBOOM! (A) We do this work because we want to...

    Playgrounds and Performance: Results Management at KaBOOM! (A) We do this work because we want to make a difference in the world; how can we go further faster? - Darell Hammond, CEO and co-founder, KaBOOM! Darell Hammond stepped onto the elementary school playground and took a long, slow look around. It was 8 a.m. on an unusually warm fall day in 2002 and the playground was deserted, but Hammond knew the children would start arriving soon to admire their new...

  • Actions that damage a company and its employees should be stamped out, everyone would agree. But ...

    Actions that damage a company and its employees should be stamped out, everyone would agree. But should the people responsible be stamped out, too? HBR CASE STUDY The Reign of Zero Tolerance by Ben Gerson "Mr. Pemberton?" manager. The guards had radioed her that the "Yes, that's me," Simon replied distractedly, his back turned. target wasn't putting up much resistance. "Your personal belongings will be messen The two burly gentlemen who had suddenly gered to your home later today," Sallie...

  • Mini Case Building Shared Services at RR Communications4 4 Smith, H. A., and J. D. McKeen....

    Mini Case Building Shared Services at RR Communications4 4 Smith, H. A., and J. D. McKeen. “Shared Services at RR Communications.” #1-L07-1-002, Queen’s School of Business, September 2007. Reproduced by permission of Queen’s University, School of Business, Kingston, Ontario, Canada. Vince Patton had been waiting years for this day. He pulled the papers together in front of him and scanned the small conference room. “You’re fired,” he said to the four divisional CIOs sitting at the table. They looked nervously...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT