Based on this financial data, calculate the Current Ratio. Liabilities $ 8770 Net Worth $ 77900 Liquid

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

Question:

Based on this financial data, calculate the Current Ratio.

Liabilities $ 8770 Net Worth $ 77900 Liquid Assets $ 4850 Current Liabilities $ 2020 Monthly Credit Payments $ 1240 Take-home Pay $ 3070 Monthly Savings $ 560 Gross Income $ 3450 Make sure to include zeros and round your answer to 2 decimal places. i.e. 3.55, 1.89, 0.25, 0.09, etc.

Do not include a comma or"$" sign in your response.

Posted Date: May 16, 2024 11:25 AM

See More Questions

tell us about a product or service that has been a hit by changing the product's target or the company's position. And why do you think it worked
Use a financial calculator or an Excel spreadsheet to estimate the yield each of the following investments. Initial Future End of Investment nvestment ( Value ()Year 1,000 10,000 400 3,000 5,500...
In year 2007, Andrew contributes equipment with an adjusted basis of $20,000 and a FMV of $18,000 to Construction Limited Partnership (CLP) in return for a 3% limited partnership interest. Andrews...
Taylor, Inc. produces only two products, Acdom and Belnom. These account for $60 \%$ and $40 \%$ of the total sales dollars of Taylor, respectively. Variable costs (as a percentage of sales...
Birmingham Bolt, Inc., has been approached by one of its customers about producing 800,000 special-purpose parts for a new home product. The parts would be produced at a rate of 100,000 per year for...
DATA for the pounding department: Beginning work-in-process Degree of Completion of Beginning Work in process Started During March Completed and transferred out during March Ending Work In process...
Yonz was tasked with the selection of the best alternative among 5 different proposals. Which alternative should he choos? Alternatives A B C D E P PP PPP Annual Operation Cost 360,000.00 420,000.00...
Consider the following perpetual system merchandising transactions of Belton Company. Use a separate account for each receivable and payable; for example, record the sale on June 1 in Accounts...
Chip Company produces three products, Kin, Ike, and Bix. Each product uses the same direct material. Kin uses 3.7 pounds of the material, Ike uses 2.6 pounds of the material, and Bix uses 5.5 pounds...
a)write about "environmental justice". The debate topic "Is gentrification intrinsically bad?" Requirements for the reflections: recap this week's debate (150 words, maximum); your comment and...
As part of his retirement planning, Mr . Allen purchases an annuity that pays 6 % compounded annually. If the yearly payment is $ 3 , 0 0 0 , how much will Mr . Allen have saved in 6 years and how...
1. Larkin Hydraulics , a wholly owned subsidiary of Caterpillar (U.S.), sold a 12 megawatt compression turbine to Rebecke-Terwilleger Company of the Netherlands for 4,000,000, payable in three months...
Comptroller, horse lady and crook, Part 1 of 2 How one woman (allegedly) embezzled $53 million Henry C. Smith, III, Ph.D., CFE, CMA, CCS; Vincent Alger, Kevin Genter, Nichole Lawhorn, Melissa Lee,...
Refer to the data for problem 13-36 regarding Long Beach Pharmaceutical Company. Required: Compute each division's residual income for the year under each of the following assumptions about the...
Foss Company bought land with a vacant building for $\$ 400,000$. Foss will use the building in its operations. Must Foss allocate the purchase price between the land and building? Why or why not?...
How should a revision of depreciation charges due to a change in an asset's estimated useful life or salvage value be handled? Which periods-past, present, or future-are affected by the revision?
What is the benefit of accelerating depreciation for income tax purposes when the total depreciation taken is no more than if straight-line depreciation were used?

Based on this financial data, calculate the Current Ratio. Liabilities $ 8770 Net Worth $ 77900 Liquid

Question:

Expert Answer:

Students also viewed these finance questions