A companys current ratio is 9. If its total assets worth 150000 and its equity is 70000.

Fantastic news! We've Found the answer you've been seeking!

Question:

A company’s current ratio is 9. If its total assets worth 150000 and its equity is 70000. Net worth of long-term debt is 20000. Find the value of current assets, current liabilities and fixed assets.

Related Book For answer-question

Financial Reporting and Analysis Using Financial Accounting Information

ISBN: 978-1439080603

12th Edition

Authors: Charles H Gibson

See More Books

Posted Date: Jul 22, 2020 02:50 PM

See More Questions

Calculate embedded cost of long term debt for the following long term debt: 2012 Amount $1,034 764 1265 984 354 2013 Amount $999 698 1176 1023 322 Rate of interest 7.21% 6.95% 6.42% 5.34% 6.02%
What does the current portion of long term debt represent? In periods of rising prices, which inventory method (LIFO or FIFO) will provide you with a higher net income? Record the journal entry to...
Weight of long term debt is 25 100 400 Weight of common equity is 75 300 400 WACC 25 x 10 x 1 4 75 x 15 4 13 05 1 Find problems inherent in Simpson s WACC calculation
Top managers of Ryan Products, Inc., have asked you to compare the companys profit performance and financial position with the average for the industry. The companys accountant has given you the...
A 42.58-MHz photon is needed to produce nuclear magnetic resonance in free protons in a magnetic field of 1.000 T. What is the wavelength of the photon, its energy, and the region of the spectrum in...
What is the number of different orbitals in each of the following subshells? a. 3d b. 4f c. 4p d. 5s
Test for cross-section dependence for the Gasoline example (as in problem 13.4). Do the same for the Public Capital example. What do you conclude? Data From Problem 13.4: For the Grunfeld example,...
Fairway Golf Corporation produces private label golf clubs for pro shops throughout North America. The company uses activity-based costing to evaluate the profitability of serving its customers. This...
The following problems all concern an input array of integers, possibly with duplicate entries. Which of them can be solved using a single invocation of a sorting subroutine followed by a single pass...
The common stock of Ecolab pays an annual dividend of $1.84 a share. The company has promised to maintain a constant dividend regardless of economic conditions. How much would investors be willing to...
Pinter Company employs the voucher system in controlling expenditures and disbursements. All cash receipts are deposited each Wednesday and Friday in a night, depository after banking hours. The data...
n i=1 - - let denote the sample correlation coefficient between Y and X (defined formally below), and let = 1 (yi ) and = - 1(xi). (These notations are also defined in slides 44-46 of Chapter 1...
a. Use the following information to create the 2017 and 2018 income statements. b. Create the 2017 and 2018 balance sheets. c. Then create the 2018 indirect cash flow statement. Accounts payable...
On July 1, 20X6, the company borrowed $20,000 and must repay principal and accrued interest of 10% a year on July 1, 20X9. Based on this information, what would be the Interest Expense in the...
Consider whether you are able to make any savings and assume these savings are constant each month. Suppose you invest these savings on the first day of the month with interest paid monthly and...
2.8. Show that 11- i=1 ny n i=1 b. Follow the same steps to show = (-)(x)= nx y. c. Show that (y)(x) b = (1 - 1)2 d. Establish the commonly used formula xy-nxy b = 17 - 12 2.9. Interpretation of...
Starr Co. had sales revenue of $540,000 in 2014. Other items recorded during the year were: Cost of goods sold ..................................................... $330,000 Salaries and wages...
What is the relationship between ethics and law?
The accounting for governments is centered on the entity concept and the efficiency of the entity. Comment.
CFAs gave liquidity ratios a high significance rating. Comment.
Which of the following is a sale of goods and therefore is covered by Article 2 of the Uniform Commercial Code? A. Development, implementation, hosting, and operation of sophisticated computing...
Kemesia Boota Ward signed a contract on February 17, 2010, to hold her wedding reception at the Deauville Hotel on July 9, 2010. (The wedding ceremony was being held elsewhere.) Renting the ballroom...
December 2007. When she joined, she signed a membership agreement that had a release of liability that stated: 24 Hour. will not be liable for any injury, including, without limitation, personal,...

A companys current ratio is 9. If its total assets worth 150000 and its equity is 70000.

Question:

Expert Answer:

Answer Current assets 150... View the full answer

Financial Reporting and Analysis Using Financial Accounting Information

Students also viewed these finance questions