A companys quick assets are $37,500, its current assets are $80,000, and its current liabilities are $50,000.

Question:

A company’s quick assets are $37,500, its current assets are $80,000, and its current liabilities are $50,000. Its acid-test ratio equals

a. 1.600.

b. 0.750.

c. 0.625.

d. 1.333.

e. 0.469.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Financial And Managerial Accounting

ISBN: 9781260728774

9th Edition

Authors: John J. Wild

See More Books

Question Posted: Jan 15, 2024 02:00 AM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
The financial statements of companies ABC and XYZ Ltd are presented below. They are wholesalers in the fast-moving consumer goods (FMCG) market. Credit sales equate to 60% of sales value for both...
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
Which of the following is part of Walmarts strategy regarding its supply chain? a) Acquiring e-commerce technology and expertise. b) Opening central warehouses. c) Changing how and when inventory is...
A top spins at 30rev/s about an axis that makes an angle of 30 with the vertical. The mass of the top is 0.50 kg, its rotational inertia about its central axis is 5.0 x 10-4 kg m2, and its center of...
A company makes travel umbrellas. Its fixed costs are $1000 a week and its variable costs for one batch of umbrellas are $500 for every 2000 units. The company ships 10,000 units a week. What is the...
Write a Monte Carlo code for a system of $N$ hard spheres of diameter $D$ on a one-dimensional ring of length $L$ with periodic boundary conditions. Calculate the pair correlation function and...
Lansbury Inc. had the balance sheet shown on the next page at December 31, 2011. During 2012, the following occurred.1. Lansbury Inc. sold part of its investment portfolio for $15,000. This...
Fickle Sickles collects 15,000 checks per 365-day year with average amount $170 and total delay 5 days. A lockbox system would reduce that delay to 3 days, and it would also reduce FISI's check...
A companys net sales are $675,000, its cost of goods sold is $459,000, and its net income is $74,250. Its gross margin ratio equals a. 32%. b. 68%. c. 47%. d. 11%. e. 34%.
A company has cash sales of $75,000, credit sales of $320,000, sales returns and allowances of $13,700, and sales discounts of $6,000. Its net sales equal a. $395,000. b. $375,300. c. $300,300. d....
Experiment: Guessing the gender(s) of the three children in a family Event: The family has two boys Identify the sample space of the probability experiment and determine the number of outcomes in the...
Since the Industrial Revolution, economic growth has increased tremendously. Discuss some of the outcomes of that economic growth.
Discuss an example of technological progress not mentioned in the chapter and how it impacted economic growth.
Explain why it is possible to find many job openings in shrinking industries such as newspaper publishing or brick-and-mortar retail.
For each of the following institutions, provide a real-world example and explain how it promotes economic growth. a. Enforceable property rights b. Predictable and stable government c. Efficient...
What is the equilibrium unemployment rate and why isnt it equal to zero? Explain.
What do you think of the cultural diversity program in the San Lucas school district? Are the goals of this program reasonable? Are good systems in place for reaching these goals? What alternative...
Borrowing costs should be recognised as an expense and charged to the profit and loss account of the period in which they are incurred : A. If the borrowing costs relate to qualifying asset B. If the...
Eden Full of SunSaluter must understand manufacturing costs to effectively operate and succeed as a profitable and efficient business. Required 1. What are the three main categories of manufacturing...
Access Samsungs 2013 annual report from its website (www.samsung.com). Like Apple, Samsung offers warranties on its products. Required 1. Access and read footnote 18, Provisions, included in Samsungs...
In a job order costing system, what records serve as a subsidiary ledger for Work in Process Inventory? For Finished Goods Inventory?
A rescue helicopter is lifting a man (weight = 711 N) from a capsized boat by means of a cable and harness. (a) What is the tension in the cable when the man is given an initial upward acceleration...
Calculate the days of accrued interest , fraction of interest payments accrued , accrued interest , flat price , modified duration A B C D E F G 1 Bond information: 2 Issue date: 2017-05-15 3...
Let sets A and B be defined as follows. A = {k, l, m, q} B is the set of odd numbers greater than 3 and less than 19 (a) Find the cardinalities of A and B. n(A) = [] n(B) = X (b) Select true or...

A companys quick assets are $37,500, its current assets are $80,000, and its current liabilities are $50,000.

Question:

Step by Step Answer:

b Acid...View the full answer

Financial And Managerial Accounting

Students also viewed these Business questions