A company had a liquid ratio of 1.5 and a current ratio of 2 and an inventory

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

Question:

A company had a liquid ratio of 1.5 and a current ratio of 2 and an inventory turnover ratio of 6 times. It had total current assets of Rs 800000. What is the annual sales if goods are sold at 25% profit on cost?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

See More Books

Posted Date: Jan 22, 2021 05:23 PM

See More Questions

P/E ratio of 15stock price of $35 per shareprofit margin is 10%1 million shares of stock are outstanding what is their price to sales ratio? A firm has a P/E ratio of 15 and a stock price of $35 per...
Total assets turnover 15 Gross profit margin on sales SalesCost of goods soldSales 25 Total liabilitiestoassets ratio 40 Quick ratio 080 Days sales outstanding based on 365day year 365 days Inventory...
Mugs Company Comparative Balance Sheet December 31, 2007 2007 2006 Assets Cash $ 25,000 $ 40,000 Marketable securities 20,000 60,000 Accounts Receivable (net) 40,000 30,000 Inventory 150,000 170,000...
Q1. A 10-kg uniform rod ABC is connected to two collars of negligible mass which slide on horizontal, frictionless rods located in the same vertical plane. If a force P of magnitude 50 N is applied...
How does new growth theory explain the lack of convergence? Discuss.
Determine the dimensions, in both the FLT system and MLT system, for (a) The product of force times volume, (b) The product of pressure times mass divided by area, and (c) Moment of a force divided...
Consider the Gallo strategic decision. Describe how you would go about evaluating that decision.
Erie Company manufactures a small CD player called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate CD player are as...
Lets summarize the analysis we carried out in the VC. What is driving economic (GDP) growth in India? What is driving it in China? As you look forward, how does this influence your expectations of...
Rusty Spears, CEO of Rusty's Renovations, a custom building and repair company, is preparing documentation for a line of credit request from his commercial banker. Among the required documents is a...
Elppa Company purchased a machine on January 2, 2021. The total cost of the purchase was $375,000. The machine has an estimated salvage value of $25,000 and an estimated useful life of 6 years. In...
The incidence of unemployment among those employed is higher in the US. The gross flow from employment to out of the labor force is smaller in the US. The net change in the number of individuals in...
What are cultural diversity, cultural identity, and cultural pluralism and why are they important to social work?
How have Levi's the Jeans impacted the environment? How much does Levi Strauss & Co. pay its employees? Do they receive benefits? (healthcare, vacation, or sick time)? Does Levi Strauss & Co. follows...
Write a program to sum the series: 1/1 + 22/2 + 33/3 + ....... n"/n
Suppose you are tasked with reducing income inequality in the United States. Briefly discuss one policy you would implement to achieve this goal, making sure to explain why this policy makes sense...
Simplify the following Boolean Equation using Boolean Algebra properties: Z = (X+Y + (X* (X + Y))) + (X + Y + W) Select one: O a. Z = (X+Y) + (W + X)* (W + Y) b. Z = X* Y c. Z = W + X O O d. Z =...
(8%) Problem 6: A student attaches a f= 3.5 kHz oscillator to one end of a metal rail of length L = 25 m. The student turns on the oscillator and uses a piezoelectric gauge at the other end to...
Where are the cash flow effects of purchases and sales of equity securities reported?
The following information from Tiny Companys first year of operations is to be used in testing the accuracy of Accounts Receivable. The December 31, 2011, balance is $28,300. (a) Collections from...
Accounting is sometimes characterized as dealing only with the past. Give examples of how accounting information can be of value in dealing with the future.
Consider the system of Fig. P4.4-5. The filter transfer function is $D(z)$. (a) Express $C(z)$ as a function of $E$. (b) A discrete state model of this system does not exist. Why? (c) What...
Find the $z$-transform of the following functions. The results of Problem 4.5-3 may be useful. (a) $E(s)=\frac{6 \varepsilon^{-0.3 T s}}{(s+1)(s+2)(s+3)}$ (b) \(E(s)=\frac{4 \varepsilon^{-0.6 T...
Consider again the system of Fig. P4.4-5. Add a sampler for $E(s)$ at the input. Given \[ G_{1}(s)=\frac{1}{s+10} \quad D(z)=\frac{z-0.5}{z-1} \quad G_{2}(s)=\frac{s}{s^{2}+9 s+23} \] find \(c(k...

A company had a liquid ratio of 1.5 and a current ratio of 2 and an inventory

Question:

Expert Answer:

Current ratio CACL CACL 2 CL CA2 8Lakhs2 4lakhs Liquid Ratio liquid ... View the full answer

Intermediate Accounting

Students also viewed these accounting questions