Answer- 1)-Current Ratio=Current Assets/ Current Liabilities
Camaro = $5915/$2380
= 2.49 times
GTO =$3780/$1400
=2.70 times
Torino =$6900/$3950
=1.75 times
2)- Acid-test (Quick ratio):- Current assets-Inventory-Prepaid expenses/Current Liabilities
Camaro = $5915-$2375-$400/$2380
= 1.32 times
GTO =$3780-$2180-$700/$1400
=0.64 times
Torino =$6900-$3450-$900/$3950
=0.65 times
compute the current ratio and the acid test ratio for each of the following seperate cases. what is missing Camaro $...
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 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...
Exercise 4-14 Computing and analyzing acid-test and current ratios LO A1 Compute the current ratio and acid-test ratio for each of the following separate cases. Torino Camaro GTO $2,850 $1,500 Cash 320 Short-term investments 0 0 400 Current receivables 350 600 500 Inventory Prepaid expenses 2,400 2,200 3,500 400 700 900 $6,000 $3,820 $6,800 Total current assets $2,400 $1,410 $4,000 Current 1iabilities Current Ratio Choose Numerator: Choose Denominator: Current Ratio Current ratio Camaro / to 1 GTO to 1 Torino...
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...
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...
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
Camaro GTO Torino Cash $ 2,600 $ 270 $ 1,400 Short-term investments 0 0 600 Current receivables 300 550 700 Inventory 2,275 2,100 3,250 Prepaid expenses 400 700 900 Total current assets $ 5,575 $ 3,620 $ 6,850 Current liabilities $ 2,300 $ 1,360 $ 3,750 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 Financial & Managerial Accounting: Information for Decisions, 8e Progress 0% 0 0 0 20 Multiple Choice Question How do you compute net income for a merchandiser. O Net sales - cost of goods sold-other expenses. O Cost of goods sold - other expenses. O Net sales - cost of goods sold. O Revenues - expenses. Confidence Level Rate your confidence to submit your answer. Concept...
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...