Consider the following data: Requirements 1. Calculate the quick assets and the quick ratio for each company.
Question:
Requirements
1. Calculate the quick assets and the quick ratio for each company.
2. Calculate the current ratio for each company.
3. Which of the companies should be concerned about itsliquidity?
Transcribed Image Text:
COMPANY Cash $95,000 67,000 $20,000 $103,000 30,000 14,000 120,000 13,000 50,000 145,000 325,000 224,000 96,000 368,000 200,000 255,000 60,000 260,000 85,000 53,000 Net Current Receivables..1 Total Current Assets Current Liabilities
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
Req 1 A B C D Cash 95000 67000 20000 103000 Shortterm ...View the full answer
Answered By
Jacob Festus
I am a professional Statistician and Project Research writer. I am looking forward to getting mostly statistical work including data management that is analysis, data entry using all the statistical software’s such as R Gui, R Studio, SPSS, STATA, and excel. I also have excellent knowledge of research and essay writing. I have previously worked in other Freelancing sites such as Uvocorp, Essay shark, Bluecorp and finally, decided to join the solution inn team to continue with my explicit work of helping dear clients and students achieve their Academic dreams. I deliver, quality and exceptional projects on time and capable of working under high pressure.
4.90+
1252+ Reviews
2844+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Calculate the quick assets and the quick ratio for each of the followingcompanies: Rhodes Peters Cash Short-term Investments.... Net Receivables Current Liabilities ....$15,000 23,000 6,00013,000...
-
Calculate the quick assets and the quick ratio for each of the following companies: Jaxon Kilborn $10,000 25,000 5,000 15,000 45,000 52,000 45,000 100,000 Cash.. Net Receivab... Current Liabilities.
-
Consider the following data: Requirements 1. Calculate the quick assets and the quick ratio for each company. 2. Which of the companies should be concerned about its liquidity? . $92,000 64,000...
-
The JoFe Computers and Accessory Company produces two types of laptop computer bags. Version A costs $32, takes 4 hours of labor, and sells for $50. Version B costs $38, takes 6 hours of labor, and...
-
Find the indefinite integrals of the following function. 2sin(x) + 3cos(x)
-
It is desired that the outer edge of a grinding wheel 9.0 cm in radius moves at a constant rate of 6.0 m/s. (a) Determine the angular speed of the wheel. (b) What length of thin thread could be wound...
-
Should a married woman be allowed to abort without her husbands consent?
-
What is apparent from a horizontal presentation of financial statement information? A vertical presentation?
-
Ending book value ($) $181,000 (new) Some trucks purchased by a U-Haul franchise should last 7 years. The purchase price was $176,000. Shipping costs were $5,000. The trade-in (salvage value) is...
-
Beeler Furniture Company deposits all cash receipts each Wednesday and Friday in a night depository, after banking hours. The data required to reconcile the bank statement as of June 30, 20Y2, have...
-
Hernandez Enterprises sells on account. When a customer account becomes four months old, Hernandez converts the account to a note receivable. During 2012, Hernandez completed these transactions: Jan...
-
Seminole Equipment reported the following items on July 31, 2012 (amounts in thousands, with last years amounts also given as needed): Requirements 1. Compute Seminole Equipments (a) Quick ratio, (b)...
-
Record the following transactions of Lisa's Fashion Boutique in a general journal. Lisa's Fashion Boutique operates in a state with no sales tax. DATE TRANSACTIONS 2019 Feb. 2 Sold merchandise...
-
how to calculate income before tax and interest on PROFORMA sheet
-
6: You throw a javelin from the top of a 45m tall cliff at an angle of 36 above the horizontal and an initial velocity of 29m/s A) What is the maximum height achieved by the javelin? B) How far from...
-
Problem 2. A point-like particle with mass m and charge q moves in the (x, y)-plane in the presence of uniform electric field E in the positive x-direction and uniform magnetic field B in the...
-
QUESTION 3 A ball is kicked with an initial velocity of 61 m/s. If the ball's maximum height reached is 71 m, what was the angle of projection? Use -10 m/ss for acceleration. Leave answer to zero...
-
Calculate the gravitational potential energy in the puck-Earth system during the initial snapshot. The mass of puck #1 is 5.2 g and the mass of puck #2 is 8.8 g. hint Copied to clipboard
-
The SI unit of speed is meters per second. In the United States, speed is often expressed in miles per hour. If a car is traveling 60.0 miles/h, what is its speed in meters per second? [1 mile = 1.61...
-
What is the mode?
-
What are the political and economic risks that managers must consider when conducting business in developing countries?
-
The stockholders? equity for Lakeside Marina, Inc., on December 31, 2017, follows: On January 31, 2018, the market price of Lakeside Marina?s common stock was $20 per share and the company...
-
Tsongas Manufacturing Co. has the following selected account balances at July 31, 2018: Requirements Prepare the stockholders? equity section of the company?s balance sheet. Common Stock, no par with...
-
At December 31, 2017, Gertner Corp. reported the following stockholders equity: During 2018, Gertner Corp. completed these transactions and events in this order: a. Sold 1,300 shares of treasury...
-
Non-liquidating distributions can be dividends, return of capital, or capital gain income to a shareholder. What type of distribution would be capital gain?
-
TranscribedText: Req A1 Req A2 Req C1 Req C2 Req D1 Req D2 Complete the table under the current cost system. (Round your intermediate calculations and final answers to 2 decimal places. Negative...
-
Anton's Fresh Fish and Produce is a wholesale distributor that operates in central Florida. An analysis of two of the company's customers, Seaside Spa and Sigma Assisted Living, reveals the data that...
Study smarter with the SolutionInn App