The current ratio is (Round your answer to 2 decimal places.):
Homework Answers
Current ratio=Current assets/Current liabilities
=(554/307)
which is equal to
=1.80(Approx).
Add Answer to:
The current ratio is (Round your answer to 2 decimal
places.):
The following partial balance sheet...
The acid-test ratio is (Round your answer to 2 decimal places.): The following partial balance sheet...
The acid-test ratio is (Round your answer to 2 decimal
places.):
The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. $ 224 bet 65 Assets Current assets: Cash Accounts receivable (net) Notes receivable Inventory Prepaid expenses Total current assets Equipment (net) 289 $ 64 172 52 200 28 516 Liabilities and Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities Total liabilities Shareholders' equity: Common stock Retained earnings Total shareholders'...
Question 15 (1 point) The following partial balance sheet (S in thousands) for Paisano Seafood Inc....
Question 15 (1 point) The following partial balance sheet (S in thousands) for Paisano Seafood Inc. is shown below. Assets Current assets: Cash Liabilities and Equity Current liabilities: S 240 80 320 110 430 S 60 Accounts payable Other liabilities 200 Long-term liabilities 505 Shareholders' equity: Retained earnings S 760 Total liabilities and equity 170 Accounts receivable (net) Notes receivable Inventories Prepaid expenses Total current assets Plant assets (net) 50 Total current liabilities 25 Total liabilities 255 Capital stock 150...
1/The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Assets...
1/The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Assets Liabilities and Equity Current assets: Current liabilities: Cash $ 75 Accounts payable $ 232 Accounts receivable (net) 186 Other liabilities 72 Notes receivable 57 Total current liabilities 304 Inventories 212 Long-term liabilities 103 Prepaid expenses 41 Total liabilities 407 Total current assets 571 Shareholders' equity: Plant assets (net) 267 Capital stock 130 Retained earnings 301 Total shareholders' equity 431 Total assets $ 838 Total...
1. The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below....
1. The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Assets Liabilities and Equity Current assets: Current liabilities: Cash $ 62 Accounts payable $ 236 Accounts receivable (net) 183 Other current liabilities 79 Notes receivable 62 Total current liabilities 315 Inventory 219 Long-term liabilities 97 Prepaid expenses 40 Total liabilities 412 Total current assets 566 Shareholders' equity: Equipment (net) 258 Common stock 146 Retained earnings 266 Total shareholders' equity 412 Total assets $...
The following partial balance sheet ($ in thousands) for Flight Leasing Inc. is shown below. Assets...
The following partial balance sheet ($ in thousands) for Flight Leasing Inc. is shown below. Assets Current assets: Cash Accounts receivable (net) Notes receivable Inventory Prepaid expenses Total current assets Equipment (net) $ 60 170 50 200 25 505 255 Liabilities and Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities Total liabilities Shareholders' equity: Common stock Retained earnings Total shareholders' equity Total liabilities and equity $240 80 320 110 430 150 180 330 Total assets...
5. Times interest earned ratio. (Round your answer to 2 decimal places.) Times interest earned ratio...
5. Times interest earned ratio. (Round your answer to 2 decimal places.) Times interest earned ratio 6. Average collection period. (Use 365 days in a year. Round your answer to 1 decimal place.) Average collection period days 7. Average sale period. (Use 365 days in a year. Round your intermediate and final answer to 1 decimal place.) Average sale period days Operating cycle. (Round your intermediate calculations and final answers to 1 decimal place.) Operating cycle The financial statements for...
1/ Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018: Accounts...
1/ Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018: Accounts payable $25,300 Bond payable, due 2027 24,200 Salaries payable 16,700 Note payable, due 2019 21,600 Note payable, due 2023 40,400 What amount should be included in the current liabilities section of Janson's December 31, 2018, balance sheet? Multiple Choice $66,200. $42,000. $104,000. $63,600. 2/ The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Assets Liabilities and Equity Current...
1/Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018: Accounts payable...
1/Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018: Accounts payable $26,500 Bond payable, due 2027 24,000 Salaries payable 17,400 Note payable, due 2019 20,300 Note payable, due 2023 41,200 What amount should be included in the current liabilities section of Janson's December 31, 2018, balance sheet? Multiple Choice $67,900. $105,400. $43,900. 2/ anson Corporation Co.'s trial balance included the following account balances at December 31, 2018: Accounts receivable $12,600 Inventories 40,000 Patent 13,300 Investments...
Prepare a vertical analysis for the balance sheet data given below. (Round to two decimal places.)...
Prepare a vertical analysis for the balance sheet data given below. (Round to two decimal places.) Flowers, Inc Balance Sheet December 31, 2017 $10,000 15,600 38,000 63,600 15,000 195,000 $273600 Assets Current Assets Cash and Cash Equivalents Accounts Receivable, Net Merchandise Inventory Total Current Assets Long-term Investments Property, Plant, and Equipment, Net Total Assets Liabilities Current Liabilities Accounts Payable Notes Payable Total Current Liabdities Long-term Liabilities Total Liabilities Stockholders' Equity Common Stock Retained Eamings Total Stockholders' Equity Total Liabilities and...
The following balance sheet information (in $ millions) comes from the Annual Report to Shareholders of...
The following balance sheet information (in $ millions) comes
from the Annual Report to Shareholders of Hotel California for the
2013 fiscal year. (Certain amounts have been replaced with question
marks to test your understanding of balance sheets.) In addition,
you’re provided with the following information from an analysis of
Hotel California’s financial position at the same date:
Current ratio = 4.78
Acid-test ratio = 0.968
Debt-to-equity ratio = 1.35
Compute the missing amounts (rounded to the nearest $ in...
The acid-test ratio is (Round your answer to 2 decimal
places.):
The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. $ 224 bet 65 Assets Current assets: Cash Accounts receivable (net) Notes receivable Inventory Prepaid expenses Total current assets Equipment (net) 289 $ 64 172 52 200 28 516 Liabilities and Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities Total liabilities Shareholders' equity: Common stock Retained earnings Total shareholders'...
Question 15 (1 point) The following partial balance sheet (S in thousands) for Paisano Seafood Inc. is shown below. Assets Current assets: Cash Liabilities and Equity Current liabilities: S 240 80 320 110 430 S 60 Accounts payable Other liabilities 200 Long-term liabilities 505 Shareholders' equity: Retained earnings S 760 Total liabilities and equity 170 Accounts receivable (net) Notes receivable Inventories Prepaid expenses Total current assets Plant assets (net) 50 Total current liabilities 25 Total liabilities 255 Capital stock 150...
The following partial balance sheet ($ in thousands) for Flight Leasing Inc. is shown below. Assets Current assets: Cash Accounts receivable (net) Notes receivable Inventory Prepaid expenses Total current assets Equipment (net) $ 60 170 50 200 25 505 255 Liabilities and Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities Total liabilities Shareholders' equity: Common stock Retained earnings Total shareholders' equity Total liabilities and equity $240 80 320 110 430 150 180 330 Total assets...
5. Times interest earned ratio. (Round your answer to 2 decimal places.) Times interest earned ratio 6. Average collection period. (Use 365 days in a year. Round your answer to 1 decimal place.) Average collection period days 7. Average sale period. (Use 365 days in a year. Round your intermediate and final answer to 1 decimal place.) Average sale period days Operating cycle. (Round your intermediate calculations and final answers to 1 decimal place.) Operating cycle The financial statements for...
Prepare a vertical analysis for the balance sheet data given below. (Round to two decimal places.) Flowers, Inc Balance Sheet December 31, 2017 $10,000 15,600 38,000 63,600 15,000 195,000 $273600 Assets Current Assets Cash and Cash Equivalents Accounts Receivable, Net Merchandise Inventory Total Current Assets Long-term Investments Property, Plant, and Equipment, Net Total Assets Liabilities Current Liabilities Accounts Payable Notes Payable Total Current Liabdities Long-term Liabilities Total Liabilities Stockholders' Equity Common Stock Retained Eamings Total Stockholders' Equity Total Liabilities and...
The following balance sheet information (in $ millions) comes
from the Annual Report to Shareholders of Hotel California for the
2013 fiscal year. (Certain amounts have been replaced with question
marks to test your understanding of balance sheets.) In addition,
you’re provided with the following information from an analysis of
Hotel California’s financial position at the same date:
Current ratio = 4.78
Acid-test ratio = 0.968
Debt-to-equity ratio = 1.35
Compute the missing amounts (rounded to the nearest $ in...
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