Calculate the current ratio for each business below Which business has the best short term solvency position given your calculations SHOW WORK Company Current Assets Total Assets Current Liabilities Total Liabilities Net Income Current Ratio Alpha 74,524 168,672 60,100 150,600 94,958 Beta 207,536 2...

To calculate the current ratio for each business we divide the current assets by the current liabi ...

Calculate the current ratio for each business below. Which business has the best short term solvency position

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

Question:

Calculate the current ratio for each business below. Which business has the best short term solvency position given your calculations? SHOW WORK

Company	Current Assets	Total Assets	Current Liabilities	Total Liabilities	Net Income	Current Ratio
Alpha	74,524	168,672	60,100	150,600	94,958
Beta	207,536	290,290	152,600	203,000	207,536
Gamma	60,125	66,929	32,500	52,700	36,725
Delta	95,335	182,520	82,900	135,200	105,283

Related Book For answer-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

See More Books

Posted Date: Feb 03, 2024 12:14 AM

See More Questions

Use the attached "words.txt" file to store the words along with their ranks in an AVL tree. Then provide the user the option to search for any word. If the word exists the program displays the rank...
A Filipino donor made a donation for the current year: Cash of P750,000 to his daughter. House and lot valued at P2,500,000 to his beloved girlfriend. Car with a value of P1,250,000 to his brother....
The following are the December 31, Year 9, balance sheets of three related companies: Additional Information ¢ On January 1, Year 5, Pro purchased 40% of Forma for $116,000. On that date, Formas...
5.In a nut shell, when you look back over time, the power of image has always been there. Even in the prehistoric era, they used imagery to communicate, and what's even more incredible is that we are...
Which of the following items describes a weakness of the internal rate-of-return method? a. The internal rate of return is difficult to calculate and requires a financial calculator or spreadsheet...
Find the area of the given region using any method. y=x /3 - 2x 2 1 1 2 x
John and Jennifer Margeson entered into a contract to sell a weight-loss franchise business called Inches-A-Weigh to Theresa Artis. The parties memorialized their agreement in an Asset Purchase...
A condensed income statement for the Commercial Division of Maxell Manufacturing Inc. for the year ended December 31, 2014, is as follows: Sales ..............$ 3,500,000 Cost of goods sold ............
If it takes 4 seconds to mentally scan the distance between two locations 6 inches apart on a map, how long should it take to mentally scan locations that are 3 inches apart?
Franklin Manufacturing manufactures two models of windows, bay windows and casement windows. Franklin uses an activity based costing system. The following information about the activities used to...
What is the Time Constant of a first-order system having the transfer function G(s)=10/(s+10)
Nurse Managers are responsible for justifying budgetary variances typically on a monthly basis. For this assignment, analyze the Department Operating Report in a paper. Be sure to cover the following...
What are the mechanisms underlying the antimicrobial properties of halogens, and could you provide specific examples of their applications in various contexts?
The fast food restaurant industry in a large city would be an example of which market modelZero economic profits mean that the firm is earning, revenues that are equal to its accounting profits as...
Could you agree/disagree and add more information regarding the below statement? "Investment banking is useful and important because it helps companies or individuals make financial decisions. These...
Locate a current article relating to I nvestment Banking The article should be current within the last 2 years. 1. Provide an overview of Investment banking 2. Provide one thorough example of...
You are designing a delivery ramp for crates containing exercise equipment. The 1410 N crates will move at 1.8 m/s at the top of a ramp that slopes downward at 22.0. The ramp exerts a 515 N kinetic...
A copper sphere of 10-mm diameter, initially at a prescribed elevated temperature T;, is quenched in a saturated (1 atm) water bath. Using the lumped capacitance method, estimate the time for the...
Why is ethics as important to accountants as it is to the decision makers who rely on financial information?
The general ledger of Robichaud Corporation, a publicly traded company, contained the following shareholders' equity accounts in 2015: January 1 December 31 Preferred shares (10,000 and 20,000 shares...
On October 1, 2015, Spooner Corporation issued $800,000 of 10-year, 5% bonds at 100. Interest is payable semiannually on October 1 and April 1. Spooner's year end is December 31 and the company...
Using the knowledge you gained from your interview in mini case 1 , design an interface for the individual you interviewed. What interface design modifications are you making so that the program will...
The capital market line, CML, is the graph of the risk and return of portfolio combinations consisting of the risk-free asset and: A. Any risky portfolio. B. The market portfolio. C. The leveraged...
Relative to portfolios on the CML, any portfolio that plots above the CML is considered: A. Inferior. B. Inefficient. C. Unachievable.

Calculate the current ratio for each business below. Which business has the best short term solvency position

Question:

Expert Answer:

To calculate the current ratio for each business we divide the current assets by the current liabi... View the full answer

Financial Accounting Tools for Business Decision Making

Students also viewed these accounting questions