Giant Sales has total assets of $150,000, current assets of $80,000 (current assets includes $30,000 of cash,
Question:
Giant Sales has total assets of $150,000, current assets of $80,000 (current assets includes $30,000 of cash, $10,000 of short-term investments, $20,000 of accounts receivable, and $20,000 of inventory), total liabilities of $120,000, and current liabilities of $70,000. What is Giant Sales’ cash ratio?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
First find the current rat...View the full answer
Answered By
Aricayos Apple
I'm a highly professional tutor and academic freelancer , with over 5 years of experience. I became one of best tutors in Chegg tutoring community and Course Hero having high helpful rate. I love helping students understand Business courses related, as it is my passion to tutor and and help students understand these amazing subjects as attached in my skills. I am also an expert on the subject of history related subjects since at one point had handled these subjects. I also have a bachelor's degree in bachelors of science in Business Administration from City of Malabon University in Philippines. I am currently working on getting a master's degree in the field Business Administration from City of Malabon University. Meanwhile, you can learn how to solve complex problems consistently with me.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Jen and Berry's sells ice-creams from its factory-shop in Petone. There is a managing director (Maynard Dibble), a marketing manager (Mary Salman) and a production manager (Peter Pritchard). Maynard...
-
What are some things considered in the client acceptance process? Select all that apply. A) Whether the work we are considering doing is permissible. B) The impact on our brand and reputation from...
-
The CFO of First Things Computing. Inc. (FTC) prepared the following balance sheet as of December 31, 2019. For the sake of simplicity, assume that FTC docs not incur income tax expense. Thus, the...
-
0 out of 3 points On 30 June 2019, Asahi Ltd has entered into an agreement to lease a beer-making machine to Hite Ltd. The lease agreement details are as follows: . lease term is 5 years estimated...
-
Let X and Y have the joint pdf Find Cov(X, Y ) and (X, Y ). 1222, 0, for (x, y):: (1,1), (1,3), (2.1), (23) elsewhere fx.Y (x , y)
-
Through a series of Web-based experiments, Eastman has created a predictive model that estimates demand as a function of price. The predictive model is demand = 4000 - 6p where p is the price of the...
-
Find the binary pair diffusivity for the system methane (A)-ethane (B) at \(293 \mathrm{~K}\) and \(1 \mathrm{~atm}\) by using the Lennard-Jones method given by Eq. (1.53) by the following methods....
-
Kershaw Electric sold $6,000,000, 10%, 10-year bonds on January 1, 2020. The bonds were dated January 1, 2020, and paid interest on January 1. The bonds were sold at 98. Instructions a. Prepare the...
-
Write a statement that assigns total_coins with the sum of nickel_count and dime_count. Sample output for 100 nickels and 200 dimes is: 300 Learn how our autograder works 542962 3875132.4x3zqy7 1...
-
East Coast Digital (ECD) produces high-quality audio and video equipment. One of the companys most popular products is a high-definition personal video recorder (PVR) for use with digital television...
-
Big Box Store Inc. had days sales in inventory of 30, 32, and 34 for the last three years. Small Box Store Inc. had days sales in inventory of 40, 38, and 36 for the last three years. What can you...
-
After watching the video and listing the key benefits and problems with EPS, how do you feel about the EPS calculation? Should investors use it? Why or why not? If you were going to invest a large...
-
Admission to medical schools in the United States is highly competitive. The acceptance rate to the top medical schools could be as low as 2% or 3%. With such a low acceptance rate, medical school...
-
On November 2 5 , the board of directors of Wilmington Company declared a $ . 6 0 per share dividend. The dividend is payable to shareholders of record on December 8 on December 2 3 . Armstrong has 2...
-
discuss the role of mutualistic interactions in shaping the structure and functioning of microbial communities, and how do these interactions influence biogeochemical cycling and ecosystem processes?
-
'Equity was nothing more than a gloss on the common law'. Evaluate the accuracy of this statement and explain the emergence and contributions of equity in the historical development of the common law.
-
What mechanisms drive the coevolutionary dynamics between mutualistic partners, and how do these interactions shape the adaptation and diversification of species over evolutionary time scales?
-
Subject: Legal Aspects of Evidence Common Law determination of competency. Describe the Common Law approach that was taken to determine whether a witness was competent to testify
-
The owner of Kenton Clothiers must decide on the number of men's shirts to order for the coming season. One order must be placed for the entire season. The normal sales price is $30 per shirt;...
-
A crop-dusting plane flies over a level field at a height of 25 ft. If the dust leaves the plane through a 30 angle and hits the ground after the plane travels 75 ft, how wide a strip is dusted? See...
-
Use the model in File C17 to solve this problem. Refer back to Problem 17-11. Rework parts (a) through (d) using the computerized model, but make the following changes. Consider each change to be...
-
Suppose you are the money manager of a $4 million investment fund. The fund consists of four stocks with the following investments and betas: If the market required rate of return is 14 percent and...
-
Following is information about Investment A, Investment B, and Investment C: a. Compute the expected return, r, for Investment C. b. Compute the standard deviation, , for Investment A. c. Based on...
-
Andrea worked hard in high school so that she could get a college scholarship. She was admitted to a qualifying educational institute, where she received the following scholarship: $20,000 tuition,...
-
Karenjit Kaur Studio purchases a Professional Red Camera. Book value of that camera was $50,000. The purchase included a 13% tax. The supplier offered the company a 16% Discount on the base price. No...
-
Rick died in 2006. He wanted to benefit his beloved alma mater and left a bequest of $500,000 to Villanova University. What, if anything, is deductible from the gross estate?
Study smarter with the SolutionInn App