Jacksons Beef Jerky Shop has a cash ratio of 1.75. What does that mean? Is 1.75 a
Question:
Jackson’s Beef Jerky Shop has a cash ratio of 1.75. What does that mean? Is 1.75 a good or bad cash ratio?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
It means that a cash ratio equal to or greater than 1 indicates a company has enough cash and cash e...View the full answer
Answered By
Abdullah Waseem
Hello! I’m Abdullah Waseem! I have completed my graduation in Accounting & Finance from the University of Central Punjab, Lahore. I specialize in Finance, Accounting, Business, Management, Marketing, and Auditing. I have many experiences working as a content developer/writer. I have completed many projects for my clients and I have completed many assignments/expert questions for students globally. I always look for opportunities and for better growth. I’m sure that I will work efficiently with your online website. I have been online tutoring since I was doing my degree. I've helped so many students achieve their academic goals year after year. I always feel good while tutoring the students and providing help to complete their requirements. I can help you in completing the assignments and different projects. I am looking forward to working for you and being able to meet your work requirements and hope to work with you soon as well.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Jacksons Beef Jerky Shop has a current ratio of 2.35. What does that mean? Is 2.35 a good or bad current ratio?
-
Jacksons Beef Jerky Shop has a quick ratio of 1.9. What does that mean? Is 1.9 a good or bad quick ratio?
-
Is increasing payables turnover good or bad for a company? Why or why not?
-
The current quoted price of a 13% coupon bond is $110. It pays coupon semi-annually. The next coupon will be paid in 6-days (total number of days in this semi-annual period is 181) and the futures...
-
Prove that the variance of Y can also be written Var(Y) =
-
Green Lawns provides a lawn fertilizer and weed control service. The company is adding a special aeration treatment as a low-cost extra service option that it hopes will help attract new customers....
-
Explain why the sample variance formula is \[\sum_{i=1}^{N} \frac{\left(y_{i}-\bar{y} ight)^{2}}{N-1}\] instead of \[\sum_{i=1}^{N} \frac{\left(y_{i}-\bar{y} ight)^{2}}{N}\]
-
Fred's Freight employs three drivers who are paid $20 per hour for regular time and $30 for overtime. A single pickup and delivery requires, on average, one hour of driver time. Drivers are paid for...
-
Two point charges with q1 = +3.5 10 7 C and q2 = 4.5 10 7 C are initially separated by a distance of r = 2.5 10 4 m. How much energy is required to double their separation and what is the electric...
-
Your brother has just started a new job as the Controller of an IESBA restricted audit client. You do not serve on the audit engagement. What steps must you take to ensure your independence is not...
-
Most analysts believe which of the following is true about earnings per share? a. Consistent improvement in earnings per share year after year is an indication of continuous improvement in the...
-
Jamilahs Manufacturing Company has earnings before interest and taxes of $29,000 and interest expense of $4,000 for the most current period. What is Jamilahs times interest earned ratio?
-
In a strain of mice, the average 6-week body weight is 25 g and the narrow-sense heritability for this trait is 0.21. A. What would be the average weight of the offspring if parents with a mean...
-
Jorge drives a truck for one company, Inter-City Transportation Inc. Assume that he does not meet the common law tests for "employee" status. Discuss whether Inter-City may still be obliged to give...
-
With dealing with intellectual property, there are two ways it can be enforced, being common law and statutory law. For example with patents, what would be the "punishment" or enforcement I should...
-
Can you elucidate the concept of taxonomic inflation and its implications for conservation prioritization and management, particularly in the context of recognizing and conserving evolutionary...
-
What are the challenges and controversies surrounding the use of morphological characters versus molecular data in taxonomic classification, and how can these approaches be effectively integrated to...
-
What iare the reasons behind giving tough competition to Coca-Cola by Pepsi and mountain Dew in soft drink industry?
-
A firm producing stereo amplifiers can manufacture a subassembly or purchase it from another company. Anticipated profits for each alternative, make or buy, and for three different levels of demand...
-
Do the three planes x + 2x + x 3 = 4, X X 3 = 1, and x + 3x = 0 have at least one common point of intersection? Explain.
-
Gordons plants has the following partial income statement for 2015: What is the degree of financial leverage for Gordons? What does this value mean? $ 4,500 (2,000) $ 2,500 Earnings before interest...
-
Why is a cash budget important even when the firm has plenty of cash in the bank?
-
The current risk-free rate of return, rRF, is 4 percent and the market risk pre-mium, RPM, is 5 percent. If the beta coefficient associated with a firm's stock is 2.0, what should be the stock's...
-
Respond to the ethical scenario o r respond to the presentation in a Global Table. All responses should be one full page that is typed and double-spaced. Ethical scenarios 1.Recently, Professor...
-
1.Explain why senior management might overstate or understate business performance. 2.Identify and explain three methods financial statement fraudmay be committed. 3.Explain how fictitious revenue...
-
What results have researchers found on what therapy is better clinical psychology therapists or positive psychology therapists?
Study smarter with the SolutionInn App