What is Ella Company's current ratio? a. 0.69 b. 1.31 c. 3.88 d. 6.69 e. 2.39 Assets
Question:
What is Ella Company's current ratio?
a. 0.69
b. 1.31
c. 3.88
d. 6.69
e. 2.39
Transcribed Image Text:
Assets Cash ......... Accounts receivable..... Merchandise inventory.. Prepaid insurance Long-term investments.. Plant assets, net........ Total assets.... ELLA COMPANY Balance Sheet December 31 Liabilities $ 86,000 Current liabilities....... $124,000 76,000 Long-term liabilities...... 90,000 122,000 Equity 12,000 Common stock......... 98,000 Retained earnings..... 436,000 $830,000 Total liabilities and equity.. $830,000 300,000 316,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
e 86000 ...View the full answer
Answered By
Saud Ur Rehman
Evaluating manufacturing processes by designing and conducting research programs; applying knowledge of product design, fabrication, assembly, tooling, and materials; conferring with equipment vendors; soliciting observations from operators. Developing manufacturing processes by studying product requirements; researching, designing, modifying, and testing manufacturing methods and equipment; conferring with equipment vendors. Keeping equipment operational by coordinating maintenance and repair services; following manufacturer's instructions and established procedures; requesting special service.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Refer to the Uptown Sporting Goods Company data in Short Exercise 3-17. In Short Exercise 3-17. Uptown Sporting Goods reported the following data at July 31, 2014, with amounts adapted in thousands:...
-
Medtronics is a world leader in medical technology. The following selected data are adapted from a recent annual report. (Dollar amounts are stated in millions.) The company has long-term liabilities...
-
Balsum Corporation is engaged primarily in the business of manufacturing raincoats. Shown below are selected information from a recent annual report. (Dollar amounts are stated in thousands.) The...
-
In Exercises 1138, use the given conditions to write an equation for each line in point-slope form and slope-intercept form. Slope = -5, passing through (-4, -2)
-
(a) Compare the energy needed for the first reaction of the carbon cycle to that for a deuterium-tritium reaction (Example 31-9). (b) If a deuterium-tritium reaction requires T 3 X 108 K, estimate...
-
You plan to conduct a survey using unrestricted sampling. What subjective decisions must you make?
-
Using only the factor formulas given in Table 2.6, derive Equation 7.5 starting with Equation 7.3. TABLE 2.6 Summary of Discrete Compounding Interest Factors. To Find Given Factor Symbol Name P F...
-
The chief executive officer of Acadia, Inc. attended a conference in which one of the sessions was devoted to variable costing. The CEO was impressed by the presentation and has asked that the...
-
To solve this model economy, we reformulate the competitive equilibrium into the social planner's problem. First of all, in social planner's problem, all markets must clear, and thus N = Nd = N, and...
-
What is Ella Company's acid-test ratio? a. 2.39 b. 0.69 c. 1.31 d. 6.69 e. 3.88 Assets Cash ......... Accounts receivable..... Merchandise inventory.. Prepaid insurance Long-term investments.. Plant...
-
1. A companys sales in the prior year were $ 300,000 and in the current year were $ 351,000. Using the prior year as the base year, the sales trend percent for the current year is a. 17%. b. 85%. c....
-
Do birds learn to time their breeding? Blue titmice eat caterpillars. The birds would like lots of caterpillars around when they have young to feed, but they must breed much earlier. Do the birds...
-
Draw the ER Diagram for the scenario below. The company database keeps track of company s employee, department and projects. We store Employee s name, ssn , , address, salary, gender, date of birth...
-
IX. For generating a language that generates equal number of a's and b's in the form ambn define the context free grammar of G = {(S,A), (a,b), (S-aAb, A-aAb|=)}
-
Forthis assignment,take some time to reflect on the following questions. Consider a learning experience - either recent or further back - that was successful for you.Thinking back to the experience...
-
Presented below is information related to Marin Inc. Cost Retail Inventory, 12/31/20 $252,400 $388,200 Purchases 999,875 1,483,400 Purchase returns 59,000 81,400 Purchase discounts 18,400 - Gross...
-
Many companies use forecasting to determine product/service demand. However, forecasting can be very inaccurate. Some companies report forecast errors as high as 30% - 40%. Your company current uses...
-
Cleveland Chiropractic College (CCC) promised prospective students that CCC would provide clinical training and experiencea critical part of a chiropractic education and a requirement for graduation...
-
I frequently use NY Times and CNN and am aware of Fox News but I never use it. I visit these sites, NY Times and CNN, a few times a week whenever I have to research something or see something on...
-
Prescrip Co. began operations in 2012. The cost and fair values for its long-term investments portfolio in available-for-sale securities are shown below. Prepare Prescrips December 31, 2013,...
-
Ticker Services began operations in 2011 and maintains long- term investments in available- for- sale securities. The year- end cost and fair values for its portfolio of these investments follow....
-
Information regarding Carperk Companys individual investments in securities during its calendar- year 2013, along with the December 31, 2013, fair values, follows. a. Investment in Brava Company...
-
Feather Friends, Incorporated, distributes a high-quality wooden birdhouse that sells for $40 per unit. Variable expenses are $20.00 per unit, and fixed expenses total $160,000 per year. Its...
-
A taxpayer dispose of an asset by gift with a Cost base of 50,000 SR. The market value of those assets at the time of disposal is 70,000 SR. Required: What is gain or loss on the asset disposed of...
-
A taxpayer disposed a part of asset for 100,000 SR in cash. The taxpayer purchased that asset for 90,000 SR 5 years ago but the market value of the complete assets was as follows: Part disposed...
Study smarter with the SolutionInn App