What is the current ratio if a companys short-term asset balance is $135,000,000 and its short-term liabilities
Question:
What is the current ratio if a company’s short-term asset balance is $135,000,000 and its short-term liabilities balance is $60,000?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
Current ratio measures the liquidity and the ...View the full answer
Answered By
Seaden Lopes
I like to share my knowledge with others as it not only helps the students to learn by it also helps me to keep learning and revising. As my job is into financial markets keeping abreast of the day to day financial updates is a key part of my job. Whenever a question is presented to me i like to explain in a vey simple and lucid manner to that students can easily understand.
I have done my MBA in finance, I apply to concepts learned during my course in my day to day activities.
0.00
0 Reviews
10+ Question Solved
Related Book For
Personal Finance Building Your Future
ISBN: 978-0073530659
1st edition
Authors: Robert B. Walker, Kristy P. Walker
Question Posted:
Students also viewed these Business questions
-
Answer each of the questions in the following unrelated situations. (a) The current ratio of a company is 5:1 and its acid-test ratio is 1:1. If the inventories and prepaid items amount to $500,000,...
-
What is the current ratio? What does the current ratio measure? What are reasons for using the current ratio for analysis?
-
What is the current ratio and how is it calculated?
-
Figure shows a hypothetical speed distribution for particles of a certain gas: P(v) = Cv2 for 0 v0. Find (a) An expression for C in terms of v0, (b) The average speed of the particles, and (c) Their...
-
The Impact of Pricing Price is the only element in the marketing mix that produces revenue all other elements represent costs. How do price decisions affect the other three P's? Select a product...
-
The demand for resources is based on _______. a) only the demand for the final product b) only the productivity of the resource c) both the demand for the final product and the productivity of the...
-
Explain parameters and return values in the framework of messages. Provide examples.
-
Cook Corporation manufactures plastic garbage cans. In a typical year, the firm produces between 40,000 and 50,000 cans. At this level of production, fixed costs are $10,000 and variable costs are $2...
-
Mirada Company manufactures handheld calculators and has the following information available for the month of July: Work in process, July 1 ( 1 0 0 % complete for materials, 2 5 % for conversion ) 1...
-
Sheila James owns a catering business employing four workers. She just got a contract to cater a wedding reception for a Chinese couple who speak very little English. What steps can James take to...
-
Chang is a sophomore at college and currently has $1,500 in credit card debt. He has a work-study job and is making just the minimum payments on his credit card, using the rest of his money for...
-
Jimmy just graduated from college with $15,000 in student loans with a 10 year amortization, credit card debt of $2,500, and he just got his dream job in another city. His car is 10 years old, it...
-
Hamlet.com has requested that you prepare a partial balance sheet on December 31, 2018, from the following: Cash, $130,000; Petty Cash, $64; Accounts Receivable, $71,000; Bad Debts Expense, $50,000;...
-
What is leadership? How to you explain leadership?And what are the features of leadership?why leadership is important
-
ABC Inc. and XYZ Corp. (each of which has 100 share holoders who each own 1,000 shares) are combining to create ABC Inc. XYZ owes $50,000 to CitiGroup. Assume that a shareholder is opposed to the...
-
Explain why internal controls are important in relation to corporate governance. Consider the following in your response: How are these two things connected? What might happen without internal...
-
A supplier of precision medical equipment bills $280 million worth of equipment per year. The average amount in accounts receivable is $35 million. Determine how much time elapses from the time a...
-
Beach Wear had Total Sales last year of $360,388, and ended the year with $225,223 in Total Assets. The Income Statement shows that Net Income was $22,027 for the year, and that the firm paid out 50%...
-
Find dy/dx for the following functions. y = sin x + cos x
-
Find the radius of convergence of? 1.2.3 1.3.5 (2n-1) r2n+1 -1
-
Youve just bought a new flat-screen TV for $3,000 and the store you bought it from offers to let you finance the entire purchase at an annual rate of 14 percent compounded monthly. If you take the...
-
What is reinvestment risk? How is reinvestment risk part of interest rate risk? If an FI funds short-term assets with long-term liabilities, what will be the impact on earnings of a decrease in the...
-
What is a trustee? Why do bondholders insist that a trustee be included in all public bond offerings? Why are these less necessary in private debt placements?
-
Assume the following ratios are constant: Total asset turnover Profit margin Equity multiplier Payout ratio 3.10 6.0% 1.50 20% What is the sustainable growth rate? (Do not round intermediate...
-
Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Beginning...
-
You are considering your retirement plans. You would like to buy a NICE RV and see the country. This will cost $281,000 You have $37,000 to open the account and you will deposit $685 at the end of...
Study smarter with the SolutionInn App