Question: A financial analyst reports that GT Dynamics has a current ratio of 152 and a quick ratio of 0.87 if the firm reports current assets

A financial analyst reports that GT Dynamics has a current ratio of 152 and a quick ratio of 0.87 if the firm reports current assets of $500.000.00, what is the value of its inventory? Answer format: Currency Round to 2 deomapaces

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

A financial analyst reports that GT Dynamics has a current ratio of 1.24, and a quick ratio of 0.81. If the firm reports current assets of $500,000.00, what is the value of its inventory? Submit...

A financial analyst reports that GT Dynamics has a current ratio of 1.27, and a quick ratio of 0.89. If the firm reports current assets of $500,000.00, what is the value of its inventory? Answer...

A financial analyst reports that GT Dynamics has a current ratio of 1.49, and a quick ratio of 0.83. If the firm reports current assets of $500,000.00, what is the value of its inventory? Submit...

040 A financial analyst reports that GT Dynamics has a current ratio of 1.57, and a quick ratio of 0.82. If the firm reports current assets of $500,000.00, what is the value of its inventory? Submit...

Answer format: Number Round to. O decimal places, A financial analyst reports that GT Dynamics has a current ratio of 1.24, and a quick ratio of 0.81 If the firm reports current assets of...

A financial analyst reports that GT Dynamics has a current ratio of 1.56, and a quick ratio of 0.82. If the firm reports current assets of $500,000.00, what is the value of its inventory? Round to 2...

Answer format: Number: Round to: O decimal places. A financial analyst reports that GT Dynamics has a current ratio of 1.40, and a quick ratio of 0.88. If the firm reports current assets of...

Complete the following problems from Chapters 2 and 3 in Financial Management: Theory and Practice : Chapter 2: Topics: Balance Sheet, Income and Cash Flow Analysis, Free Cash Flows Problems: 2-4:...

Your firm, ACTG 307 & Associates, is engaged to audit the financial statements of XYZ Corporation. It is a private manufacturing company that is considering going public in three to four years. Your...

AUDIT CASE: Your firm, ACTG 307 & Associates, is engaged to audit the financial statements of XYZ Corporation. It is a private manufacturing company that is considering going public in three to four...

Consider a Pb-70% Sn alloy. Determine (a) If the alloy is hypoeutectic or hypereutectic; (b) The composition of the first solid to form during solidification; (c) The amounts and compositions of each...

You are the manager of BlackSpot Computers, which competes directly with Condensed Computers to sell high-powered computers to businesses. From the two businesses perspectives, the two products are...

TRUE or FALSE: Unlike covenants not to solicit, which have often been invalidated by the courts because the language employed was overly broad ( and interfered with the departing employee's ability...

Callie s company is undergoing a major change from brick and mortar stores to an online ordering system. As HR manager, she is assigned the task of managing this transition. Which HR responsibility...

Describe the business model used by Australian universities. Should Australian universities reconsider their business model?

Describe the situation of casual workers within Australian universities, with reference to various HRM theories.

Understand links between the United Nations Sustainable Development Goals and HRM.