Company Y (Z) has the following information: Current assets $312,000 ($786,000); Current liabilities $219,000 ($702,000); PPE $987,000

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

Question:

Company Y (Z) has the following information:

Current assets $312,000 ($786,000);

Current liabilities $219,000 ($702,000);

PPE $987,000 ($1,800,000);

Stockholder’s equity $542,000 ($1,030,000).

Company Y is in the tech industry where the average current ratio is 1.8. Company Z is in the banking industry where the average current ratio is 0.8.

Compute each company’s current ratio and comment on how they’re doing relative to the industry.

Posted Date: Dec 08, 2021 05:01 PM

See More Questions

The Cutting Department of Sonoras Textiles has the following information about production and costs for the month of July: Beginning work in process, 9,200 units that are 100 percent complete as to...
The production manager at Landis Corp. has the following information available about some of the costs in her department. Her department produces only one product, and she has determined that machine...
How do you apply this formula so i can get N' here? 0.21 1.7 3.01 4.2 Element1 85 0.21 0.05 0.08 0.02 0.09 0.0765 0.07731177 0.392 1.8 3.11 4.3 Element2 80 0.182 0.1 0.1 0.1 0.1205 0.0964 0.09742294...
Desgin a class diagram for Blackboard System. The diagram should also include: Generalization Relationships Association Relationships Aggregation/Composition Relationships Multiplicity please draw 1...
A quantitative data set has been grouped by using limit grouping with equal-width classes of width 5. The class limits are whole numbers. a. If the class mark of the first class is 8, what are its...
Record the following transactions in the General Ledger accounts of the Coleman County General Fund: 1. Coleman County levied its 20X7 property taxes on January 1, 20X7. The total tax levy was...
Show that the variance of a factorial effect in a $2^{k}$ design with $m$ replications is \[\frac{4 \sigma^{2}}{N}\] where $N=m \cdot 2^{k}$ and $\sigma^{2}$ is the variance of each outcome.
Customer profitability in a manufacturing firm. Bizzan Manufacturing makes a component they call P14-31. This component is manufactured only when ordered by a customer, so Bizzan keeps no inventory...
Purdue Book Store is trying to decide on how many copies of a book to purchase from the McGraw Hill publisher at the start of a selling season. The book retails at $28 per copy at the book store, and...
Iceland has no military. (a) So, at what point in Figure 1.1 is Iceland producing? (b) If Iceland decided to produce the quantity OE of military goods, how much consumer output would it have to give...
6. Now let D represent the number of domino tilings of a 3 x n checkerboard. It is considerably trickier to come up with a recurrence relation in this case, though the ideas involved are similar. (a)...
What is the first line with a compiler error? A. Line R B. Line S C. Line T D. Line U E. None of the above. class Mammal {} class Bat extends Mammal {} class Cat extends Mammal {} class Sat {} class...
Suppose we have list of type List. Which method allows you to pass a List and returns an immutable Set containing the same elements? A. List.copyOf(list) B. List.of(list) C. Set.copyOf(list); D....
What is the result of the following? A. -1 B. 0 C. -1 D. The code does not compile. E. The result is not defined. Comparator c= (x, y) -> y - x; var ints= Arrays.asList (3, 1, 4);...
What is the result of running the following program? A. X B. The code does not compile. C. The code compiles but throws a NullPointerException at runtime. D. The code compiles but throws a different...
How many dimensions does the array reference moreBools allow? boolean[] [] [] bools, moreBools; A. One dimension B. Two dimensions C. Three dimensions D. None of the above
Sponge Todd Square Corp (STSC) is a corporation resident in Canada that has asked you to prepare a calculation of their corporate Part I taxes owing for the 2018 taxation year. They have calculated...
Why did management adopt the new plan even though it provides a smaller expected number of exposures than the original plan recommended by the original linear programming model?
In a study of global warming, assume that we have found a strong positive correlation between carbon dioxide concentration and temperature. Identify three possible explanations for this correlation.
In a study of casino size (square feet) and revenue, the value of r = 0.445 is obtained. Find the value of r2. What does that value tell us?
For 10 pairs of sample data, the correlation coefficient is computed to be r = -1. What do you know about the scatterplot?

Company Y (Z) has the following information: Current assets $312,000 ($786,000); Current liabilities $219,000 ($702,000); PPE $987,000

Question:

Expert Answer:

Current Ratio shows the ability of a Company to pay its short term obligations Current ... View the full answer

Students also viewed these accounting questions