API Ltd. has a quick ratio of 0.80 and working capital in the amount of $ 1,240,000.
Question:
a. Paid trade payables in the amount of $ 50,000.
b. Recorded accrued salaries in the amount of $ 100,000.
c. Borrowed $ 250,000 from the bank, to be repaid in 90 days.
d. Purchased $ 20,000 of new inventory on credit.
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Quick Ratio Working Capital a Decrease Because the ratio is less than 1 a decrease ...View the full answer
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Hemant Pareek
Conducted trainings at various levels during my corporate exposure, trainings were in the field of finance and corporate finance
As Part of corporate investment banking department as team leader
? Provided audit support for financial reporting
? Conducted trainings at various levels for conceptual understanding of complex processes
? Advised and Integrated automated and manual checks in models for error reduction
As Part of corporate finance department in business valuation team
? Performed valuation analysis in relation to merger, demerger, impairment on a wide range of public and private entities within various industries
? Prepared valuation models involving - discounted cash flow analysis (FCFF and FCFE models), Comparable company analysis, Comparable transaction analysis, Sum of the parts (SOTP) valuation methodology and sensitivity analysis
? Prepared additional schedules for clarity i.e. depreciation schedule, working capital schedule, intangibles schedule, debt schedule, investment schedule, taxation schedule etc.
? Performed Purchase Price Allocations (PPA) of assets and liabilities that have been acquired consequent to a transaction.
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Related Book For 
Financial Accounting
ISBN: 978-1259103285
5th Canadian edition
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
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