The top part of Ramakrishnan, Inc,s 2015 and 2014 balance sheets is listed as follows (in millions
Question:
The top part of Ramakrishnan, Inc,’s 2015 and 2014 balance sheets is listed as follows (in millions of dollars).
Calculate Ramakrishnan, Inc.’s current ratio, quick ratio, and cash ratio for 2015 and2014.
Transcribed Image Text:
2015 2014 Current liabilities 2015 2014 $ 34 25 206 187 Notespayable Current assets: Cash andmarketable Accrued wages and $ 32 31 Accountsreceivable 43 12 Accounts payable 87 76 76 68 $195 $175 secunties taxes Inventory Total $383 S340 Total
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
Current ratio Quick ratio acidtest ratio ...View the full answer
Answered By
Shadrack Mulunga
I am a Biochemistry by profession. However, I have explored different fields of study. My quest to explore new fields has helped me gain new knowledge and skills in Business, clinical psychology, sociology, organizational behavior and general management, and Project Management. I count my expertise in Project management, in particular, creation of Work Break Down Structure (WBS) and use of Microsoft Project software as one of my greatest achievement in Freelancing industry. I have helped thousands of BSC and MSC students to complete their projects on time and cost-effectively using the MS Project tool. Generally, I find happiness in translating my knowledge and expertise to success of my clients. So far, i have helped thousands of students to not only complete their projects in time but also receive high grades in their respective courses. Quality and timely delivery are the two key aspects that define my work. All those who hired my services always come back for my service. If you hire my services today, you will surely return for more. Try me today!
5.00+
154+ Reviews
289+ Question Solved
Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
Question Posted:
Students also viewed these Finance questions
-
The 2013 and 2014 balance sheets for Ottoman Manufacturing Company appear below: 2013 2014 Current Assets Cash $16,860 $14,790 Accounts Receivable, net 18,150 20,210 Inventory 28,620 28,180 Total...
-
The top part of a water tank is divided into two compartments, as shown in Fig. P175, now a fluid with an unknown density is poured into one side and the water level rise a certain amount on the...
-
The 2013 and 2014 balance sheets for Jackson and Sons showed net accounts receivable of $10,000 and $14,000, respectively, and inventory of $8,000 and $6,000, respectively. The companys 2014 income...
-
A person is pulling on a rope attached to a locomotive of mass m = 100 tons (Fig. 1, right). The person is pulling with a constant force F that is 2 times greater than their body weight, at an upward...
-
High-definition television can be a joy to watch-but, oh, what a pain to buy. The field is littered with competing technologies and arcane terminology that is meaningless to most consumers. Moreover,...
-
Rodriguez Corporation includes the following items in its liabilities at December 31, 2014. 1. Notes payable, $25,000,000, due June 30, 2015. 2. Deposits from customers on equipment ordered by them...
-
If we were to use such data and conclude that there is a correlation or association between IQ score and brain volume, does it follow that larger brains are the cause of higher IQ scores? IQ Score...
-
Kaiser Industries carries no inventories. Its product is manufactured only when a customers order is received. It is then shipped immediately after it is made. For its fiscal year ended October 31,...
-
Nora invested $8,000 in a qualified tuition program for the benefit of her son. Four years later her son, Michael withdrew $10,000, the entire balance in the program, to pay his college tuition. How...
-
A propped cantilever beam of length 2L with support at B is loaded by a uniformly distributed load with intensity q. Use the method of superposition to solve for all reactions. Also draw shear-force...
-
You are evaluating the balance sheet for PattyCakes Corporation. From the balance sheet you find the following balances: cash and marketable securities = $400,000; accounts receivable = $1,200,000;...
-
Tater and Pepper Corp. reported sales for 2015 of $23 million. Tater and Pepper listed $5.6 million of inventory on its balance sheet. Using a 365 day year, how many days did Tater and Peppers...
-
What is media richness?
-
On 1 / 1 / 2 0 1 9 X CO acquired 8 0 % of Y common stock for $ 1 5 0 , 0 0 0 in the same day the Y net assets was $ 1 4 0 , 0 0 0 , in the same date the fair value of assets and liabilities were...
-
3 . Given the following cost information about a fixed asset, calculate depreciation expense for its second year of operation assuming a ) straight - line depreciation, b ) double - declining...
-
Find the per unit length resistance of a cylinder with a radius of a = 2 cm, made of copper with a conductivity of = 5.998 x 107 [S/m] (shown in Figure 1). Figure 1: 3-D view of a cylinder made of...
-
Company A and Company B reported the following results for the latest year Company A Company B Sales Rs . 5 , 0 0 0 Rs . 5 , 0 0 0 Variable Costs Rs . 2 , 2 0 0 Rs . 1 , 0 0 0 Fixed Costs Rs . ...
-
Approximately how old are shamanic methods estimated to be ? They are 1 0 , 0 0 0 - 1 5 , 0 0 0 years old. They are 2 0 0 . 0 0 0 6 0 0 . 0 0 0 years old They are 2 0 . 0 0 0 - 3 0 , 0 0 0 years...
-
If Epsom salt, MgSO 4 x H 2 O, is heated to 250C, all the water of hydration is lost. On heating a 1.687-g sample of the hydrate, 0.824 g of MgSO 4 remains. How many molecules of water occur per...
-
1. Which of the four major types of information systems do you think is the most valuable to an organization? 2. How do you critically associate the ideas of business agility and business efficiency...
-
Are minors contracts for non-necessaries always voidable when the minors attain majority?
-
What is a credit-scoring model?
-
You own $25,000 in subordinated debt of Local Crossings, Inc. which declared bankruptcy on May 15, 2018. Local Crossings' balance sheet at the time of the bankruptcy filing is listed below. The...
-
WorldGone, Inc. declared bankruptcy on September 25, 2018 through a Chapter 7 filing. WorldGone's balance sheet at the time of the bankruptcy filing is listed below. The accrued wages were earned...
-
Describe Japan in terms of abundance and scarcity of factors of production in broad terms as well as in terms of, for example, types of skills of the labor force. Relate the description of these...
-
Draw a correctly labeled short-run aggregate demand and supply graph showing the equilibrium real GDP and price level, labeled Y, and P1. a. Show the effect of depreciation of the domestic currency..
-
Why has the Treasury and the FED sold bonds in the past if not to borrow? Why does Kelton say that this is no longer relevant?
Study smarter with the SolutionInn App