Nintendo Company, Ltd., recently reported the following financial information (amounts in millions). Compute Nintendos current ratio and
Question:
Nintendo Company, Ltd., recently reported the following financial information (amounts in millions). Compute Nintendo’s current ratio and profit margin. Round to two decimals.
Current assets.... $ 9,036 Net sales... $4,464 Total assets..... 11,477 Net income... 146 Current liabilities 871
Step by Step Answer:
Solution Curren...View the full answer
Financial Accounting Information For Decisions
ISBN: 9781260705584
10th Edition
Authors: John J. Wild
Related Video
The current ratio is a financial ratio that measures a company\'s ability to pay its short-term obligations with its short-term assets. It is calculated by dividing a company\'s current assets by its current liabilities. The formula for calculating the current ratio is: Current Ratio = Current Assets / Current Liabilities Current assets are assets that can be converted to cash within one year, while current liabilities are debts that are due within one year. A current ratio of 1:1 or greater is generally considered good, as it indicates that a company has enough current assets to cover its current liabilities. A current ratio of less than 1:1 may suggest that a company may have difficulty meeting its short-term obligations. It\'s important to note that the current ratio is just one of many financial ratios that can be used to assess a company\'s financial health. It should be used in conjunction with other financial ratios and qualitative factors to make informed decisions about investing or lending to a company.
Students also viewed these Business questions
-
Nintendo Company, Ltd., reports the following financial information as of, or for the year ended, March 31, 2011. Nintendo reports its financial statements in both Japanese yen and U. S. dollars as...
-
The following financial information (in millions) is for two major corporations for the three fiscal years ended December 31 as follows: Instructions (a) Calculate return on assets and return on...
-
The following financial information (in millions) is for two major corporations for the three fiscal years ended December 31 Instructions (a) Calculate return on assets and return on equity for each...
-
3. Questions A venture capitalist (VC) is willing to invest 100m for 20% ownership of a start-up that is looking to achieve scale. All existing shares are common shares, and this deal would result in...
-
The naturally occurring isotope rubidium-87 decays by beta emission to strontium-87. This decay is the basis of a method for determining the ages of rocks. A sample of rock contains 102.1 g 87Rb and...
-
Michael Davidson started his own hospitality consulting firm, Star Company, on June 1, 2008. Star Company performs feasibility studies to determine if restaurants should be opened at certain...
-
The plaintiff, Dennis Rubel, was permanently injured while working at Lowes Home Center Inc., and hired Michael Dzienny to represent him in a personal injury lawsuit. When discussing a settlement...
-
Pletcher Company's manufacturing overhead budget for the first quarter of 2010 contained the following data. Actual variable costs were: indirect materials $13,800, indirect labor $9,600, utilities...
-
Step 3: Testing Your Configuration Update 1. Restart the SSH service. [Your solution command here] 2. Exit the root account. [Your solution command here] 3. SSH to the target machine using your sysd...
-
Determine the magnitude of the projected component of force FAC acting along the zaxis. Fae - 600 Ib 36 FAR- 700 Ib 18 ri 12 fi 12n, 12
-
Refer to Apples financial statements in Appendix A. Compute its profit margin for the years ended September 29, 2018, and September 30, 2017.
-
SCC Co. reported the following for the current year: net sales of $48,000; cost of goods sold of $40,000; beginning balance in inventory of $2,000; and ending balance in inventory of $8,000. Compute...
-
If f () = cos= 0.3, find f ( + ).
-
It is of utmost importance be engaged in the Due diligence process before selecting any vendor. Explain what is due diligence? And why it is so important?
-
A company is operating at 8 0 % capacity and has the following details: Sales Rs . 1 2 , 8 0 , 0 0 0 Costs: Direct material Rs . 4 , 0 0 , 0 0 0 Direct labour Rs . 1 , 6 0 , 0 0 0 Variable...
-
In a cost accounting system, why will factory overhead always be either over applied or under applied before adjustments at the accounting period? Explain
-
How does Conflict Theory intersect with other theoretical perspectives in sociology, such as Symbolic Interactionism and Structural Functionalism, and what insights can be gained from analyzing...
-
How does Conflict Theory conceptualize power dynamics within social structures, and how do these power dynamics contribute to the perpetuation of inequality?
-
Find a linear transformation that maps the unit circle x2 + y2 = 1 to the ellipse 1/4x2 + 1/9y2 = 1. Is your answer unique?
-
A test car is driven a fixed distance of n miles along a straight highway. (Here n Z+.) The car travels at one mile per hour for the first mile, two miles per hour for the second mile, four miles...
-
How is cost-volume-profit analysis useful?
-
How is cost-volume-profit analysis useful?
-
What is a variable cost? Identify two variable costs.
-
Give your opinion, whether you agree or not. Why would you perform a silent installation? A silent installation is exactly how it sounds, an installation that does not need any interaction from...
-
Describe how NoSQL can improve web server security ?
-
When is it more appropriate to use a NoSQL database instead of a relational database
Study smarter with the SolutionInn App