Question: Given that current liabilities is R1 255 125, current assets is R1 355254 and inventory is R200 000. Calculate acid test ratio A. 1:1 B.

Given that current liabilities is R1 255 125, current assets is

Given that current liabilities is R1 255 125, current assets is R1 355254 and inventory is R200 000. Calculate acid test ratio A. 1:1 B. 0.96:1 C. 0.92:1 D. 2:1

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 Accounting Questions!

Given that current liabilities is R1 255 125, current assets is R1 355254 and equity is R2 155145 Calculates current ratio A. 1:1 B. 2:1 C. 1.08:1 D. 1.50:1

The normal acceptable current ratio is 2:1 Select one: True False Given that current liabilities is R1 255125 , current assets is R1 355254 and inventory is R200 000. Calculate acid test ratio A. 2:1...

Please match the 9 industries to the financial statements and provide an explanation of why they were matched. Common-sized balance sheets (all items scaled by total assets), common-sized income...

REVERSE FINANCIAL ANALYSIS Organizations that operate in the same industry have similar corporate and financial decisions, leading to similar financial characteristics. With some knowledge of the...

The 9 companies are drawn from the following 9 different industries: Liquor producer and distributor Discount airline Commercial bank (items fitted into the same categories as the non-financial...

REVERSE FINANCIAL ANALYSIS Organizations that operate in the same industry have similar corporate and financial decisions, leading to similar financial characteristics. With some knowledge of the...

Using the financial statement data provided in Exhibits 2, 3, and 4, match the 9 companies with their industry. Also, i need to explain why. The 9 industries are: Discount airline commercial bank...

Using the data in the three tables I need to match the 9 companies to these 9 industries and give a reason. Industries are as follows: Liquor producer and distributor Discount airline commercial bank...

IDENTIFY THE INDUSTRY-ANALYSIS OF FINANCIAL STATEMENT DATA Since companies in the same industry face similar opportunities and constraints, they tend to make similar invest- ment, dividend, and...

pls i need help with the samsung wiley Annual Report Project only the other 4 Attachment is a guideline telling you what need to be done.pls see the attached Apple company wiley Annual Report ANNUAL...

A man took out a $43,000 construction loan to remodel a house. The loan interest rate is 8.3% per year simple interest for semi-annual repayment. How much is refunded?

A Partnership failed to pay employment taxes for its employees and within the proper time limitations, the I.R.S. assessed the taxes against the Partnership, but not against individual partners....

Please only solve this problem using excel inputs, do not provide raw mathematical calculations Please just provide step by step excel operations I.e. step 1, step 2, step 3, each having excel inputs...

Discuss the policy statement concept and identify three focus areas / procedures where a clearpolicy statement / operating procedure

What factor(s) in this ethics dilemma might influence a person to make a less-than-ethics decision?

Define each of the following: a. fee-for-service plan b. health maintenance organization (HMO) c. consumer-driven health care plan d. health savings account (HSA)

Why is it important for HR professionals to understand legislation, labor unions, and interindustry wage differentials when establishing compensation programs?