21) The top part of Mars, Inc.'s 2018 balance sheet is listed as follows (in millions...
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21) The top part of Mars, Inc.'s 2018 balance sheet is listed as follows (in millions of dollars). Current assets: Cash and marketable securities $ 10 Accounts receivable 40 Inventory 160 Total $ 210 What are Mars, Inc.'s current ratio, quick ratio, and cash ratio for 2018? A) 0.1111, 0.5556, 0.2 B) 2.3333, 0.5556, 0.1111 C) 4.2, 1.0, 0.2 D) 10.5, 6.0, 1.0 Current liabilities: Accrued wages and taxes $ 20 Accounts payable Notes payable Total A) 29.2 days, 12.5 times, respectively B) 12.5 days, 29.2 times, respectively C) 0.08 days, 12.5 times, respectively D) 29.2 days, 0.0345 times, respectively 30 40 $90 22) Tops N Bottoms Corp. reported sales for 2018 of $50 million. Tops N Bottoms listed $4 million of inventory on its balance sheet. Using a 365-day year, how many days did Tops N Bottoms' inventory stay on the premises? How many times per year did Tops N Bottoms' inventory turn over? 21) The top part of Mars, Inc.'s 2018 balance sheet is listed as follows (in millions of dollars). Current assets: Cash and marketable securities $ 10 Accounts receivable 40 Inventory 160 Total $ 210 What are Mars, Inc.'s current ratio, quick ratio, and cash ratio for 2018? A) 0.1111, 0.5556, 0.2 B) 2.3333, 0.5556, 0.1111 C) 4.2, 1.0, 0.2 D) 10.5, 6.0, 1.0 Current liabilities: Accrued wages and taxes $ 20 Accounts payable Notes payable Total A) 29.2 days, 12.5 times, respectively B) 12.5 days, 29.2 times, respectively C) 0.08 days, 12.5 times, respectively D) 29.2 days, 0.0345 times, respectively 30 40 $90 22) Tops N Bottoms Corp. reported sales for 2018 of $50 million. Tops N Bottoms listed $4 million of inventory on its balance sheet. Using a 365-day year, how many days did Tops N Bottoms' inventory stay on the premises? How many times per year did Tops N Bottoms' inventory turn over?
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Answer The correct option is as follows 21 Option B is correct C... View the full answer
Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
Posted Date:
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