Question: i need help on this question asap please! Current Liabilities are $100,000, the Current Ratio is 5.00, Quick Ratio is 2.25. Calculate Inventory. Round to

i need help on this question asap please!

Current Liabilities are $100,000, the Current Ratio is 5.00, Quick Ratio is 2.25. Calculate Inventory. Round to nearest dollar. Use commas. Do NOT enter dollar sign. Your Answer: Answer Question 5 (5 points) The Average Collection Period is 30 days and Average Daily Credit Sales are 14,000 Calculate the Accounts Receivable. Round to the nearst dollar and do NOT enter a dollar sign. Your

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!

hi please assist (20 Marks) QUESTION 3 Extracts of the financial statements of Rexel Limited for 2019 are given below. REQUIRED 3.1 Calculate the following ratios for 2019. Where applicable, round...

I need to update this report for years 2011-2015 ( delete 2010 and add 2015)and change the format so pro can't recognize it from last time. you can look up the info online and I can attach the...

please please please help me out! im so lost! use the pdf's to solve the questions in the picture please! God bless you and Happy Easter! Please help me out with this, posted it multiple times with...

I need help understanding this project... Submit the Ratio Analysis portion of the final project. For this milestone, you will be analyzing the financial performance of Starbucks using the financial...

Please help me in answering question 1 and 2 of assignment 1. FIN4801 2016 APPENDIX A: ASSIGNMENTS FOR 2016 Note: All calculations must be shown clearly ASSIGNMENT 01 UNIQUE NUMBER: 891054 [50marks]...

PLEASE ANSWER ALL QUESTIONS THIS IS THE SECOND TIME I AM POSTING Black Crown Initiate Company reported the following. Do not enter dollar signs or commas in the input boxes. Round your answers to 2...

Hello, please help me out with this problem. I have attached 3 photos please make sure to look at all of them. Thank you for your help Ratio Project i Saved Current liabilities Accounts payable Other...

Hi, I'm struggling with this assignment. Please can you walk me through the answers to the assignment. I know I'm not the first person to ask this. I got stuck right off the bat, working out the cost...

Problem 3-15 Partridge Inc. sells about $63 million a year on credit. Good credit and collections performance in the industry result in a 32-day ACP. What is the maximum receivables balance Partridge...

Current and Quick Ratios 2. Ace Industries has current assets equal to $3 million. The company's current ratio is 1.5, and its quick ratio is 1.2. What is the firm's level of current liabilities?...

Grippers sells its rock-climbing shoes worldwide. Grippers expects to sell 8,500 pairs of shoes for $180 each in January, and 3,500 pairs of shoes for $190 each in February. All sales are cash only....

Cliff, who has a killer sweet tooth, decided he wanted to work on losing weight this year. He joined NutriSystem to enable him to have a healthier diet. The cost of the program was $59 per month plus...

For the following statement, indicate whether the statement is true or false and briefly explain why. If we find a polynomial - time algorithm for any NP - complete problem, then P equals NP .

Which project management tool uses the analogy "skateboard - bicycle - motorcycle - car"? Group of answer choices Scrum Waterfall Fate - Gate Star - gate

Using Maslows needs hierarchy, where do you think Neumann is focusing his motivational efforts? Explain why.

Neumann has been likened to a motivational speaker such as Tony Robbins. Why are effective leaders good motivators?

Some managers say that what gets measured gets done. Do you agree? What does this have to do with setting objectives?