Given inventory of 24,000, other current assets of 12,000 and current liabilities of 20,000, the acid...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Given inventory of £24,000, other current assets of £12,000 and current liabilities of £20,000, the acid test (quick ratio) will be 0.60 True False Given inventory of £24,000, other current assets of £12,000 and current liabilities of £20,000, the acid test (quick ratio) will be 0.60 True False
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provide... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Which one of the following may not be depreciated using an accelerated method? a.A corn-husking machine b.A farm truck that is operated for personal use more than 50 percent of the time c.A computer...
-
Write a paper on Conflict and Negotiation and addressing the following four questions, and make sure to cite at least one of the required background readings for each of your four answers: 1. Was...
-
If normal earnings is 36000 JD future earnings 45000 JD discount rate 15%. Compute goodwill. Select one: a. 60000 b. 80000 c. 100000 d. 120000
-
Lamonda Corp. uses a job order cost system. On April 1, the accounts had the following balances: The following transactions occurred during April: (a) Purchased materials on account at a cost of...
-
Is the energy required to launch a rocket vertically to a height h greater than, less than, or equal to the energy required to put the same rocket into orbit at the height h? Explain.
-
Logicalize the following, if necessary: Type and copy invoice Collate customer details SR1 form blue File details from new customer View patients name and address Photocopy application form ...
-
List eight strategies for achieving financial goals.
-
Yellow Press, Inc. buys paper in 1,500-pound rolls for printing. Annual demand is 2,500 rolls. The cost per roll is $800 and the annual holding cost is 15 percent of the cost. Each order costs $50....
-
I have a few questions about intrinsic value. I am curious as to why we add the firms horizon value (or continuing value) to the last cash flow before the growth becomes constant. I am specifically...
-
Preparing the Olney Company's Employee Payroll Register for the pay period ending January 8th, 20--. In previous chapters, gross wages were computed for each employee and using this data, FICA...
-
Let = {, 0, 3, } and B = {B, B, B3, B} be two bases of M2x2(F 4). with - = ['a i] = [0 ] b a a a a a 1 1 1 a b a b 00 a Find the vectors a, a2, a3 and as of a Furthermore, let C = = Check a a a]...
-
1) Horizontal Flipping Below example shows how to do horizontal flipping of an image. im imread('cameraman.tif'); data_augmentation is a function thats available to you | im1 = data_augmentation (im,...
-
Use the simplex technique to find the x's which yield the maximum of P, P=2x + 3x + 2 + x3 where x, x2, and x3 are required to be non-negative and to satisfy the constraints that follow: x1 + x2 +...
-
A 45-year-old man was admitted to the hospital for a decompressive laminectomy to treat his long-standing lumbar spinal stenosis. The back pain from the spinal stenosis has not been relieved by pain...
-
Describe 4 principles involved in the decision-making process for Continuous Improvement to enable successful engagement and implementation of improvements
-
Multi objective Problem of Next Investment Advisors1 A client of Next Investment Advisors ("Next") has $80,000 to invest and, as an initial strategy, would like the investment portfolio restricted to...
-
La entidad Azalea tributa bajo el rgimen general de ley; en el ejercicio anterior obtuvo $2'000,000.00 MXN de utilidad del ejercicio, y tiene la intencin de repartir dividendos a sus socios; sin...
-
Privitera and Freeman (2012) constructed a scale to measure or estimate the daily fat intake of participants; the scale was called the estimated daily intake scale for fat (EDIS-F). To validate the...
-
Franklin Computer Repair treats each repair order as a job. Overhead is allocated based on the cost of technician time. At the start of the year, annual technician wages were estimated to be...
-
Cheryl Sounders, the owner of Abruzzi, is currently developing a budget spreadsheet to explore the impact of various sales goals on production. In 2011, the company had monthly sales as follows:...
-
Imperial Corp. produces whirlpool tubs. Currently the company uses internally manufactured pumps to power water jets. Imperial Corp. has found that 40 percent of the pumps have failed within their...
-
Draw up a consolidated balance sheet as at 31 December 2007 from the following: At the balance sheet date, Child owes Parent 3,200. During the year Parent sold goods which had cost 6,000 to Child for...
-
You are to draw up a consolidated balance sheet as at 31 December 2005 from the following: At the balance sheet date, Son 1 owed Pa and Mum 2,500 and Son 2 1,100, and Pa and Mum owed Son 2 2,100. Pa...
-
You are presented with the following information from the Seneley group of companies for the year to 30 September 2006: Additional information: (a) The authorised, issued and fully paid share capital...
Study smarter with the SolutionInn App