Question: If current assets = 1,000,000,000 and current liabilities = 310,000,000 what would the current ratio be?

If current assets = 1,000,000,000 and current liabilities = 310,000,000 what would the current ratio be?

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!

Q:

Use the information provided below to prepare the Cash Flow Statement of Rolex Limited for the year ended 31 December 2021 INFORMATION The following information was extracted from the records of...

Q:

use the information below to answer the following question: Calculate the following ratios for 2021 only. Express the answers to two decimal places. a. Inventory turnover b.Creditors payment period...

Q:

with regards to the following statement, answer the questions below: Comment briefly but meaningfully on the following ratios (comparative figures are provided in brackets): 2.1 Gross margin (2021:...

Q:

i Requirements a X - u ot 1. Calculate Realtime's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. 2. Calculate the three ratios after evaluating the effect...

Q:

QUESTION 4 (20 Marks) Extracts of the financial statements of Prestige Limited for 2019 are given below. REQUIRED 4.1 Calculate the following ratios for 2019. Where applicable, round off answers to...

Q:

3.1 Calculate the following for 2016. Where applicable, answers must be rounded off to 2 decimal places. 3.1.1 Gross margin (2) 3.1.2 Profit margin (2) 3.1.3 Return on equity (2) 3.1.4 Dividends per...

Q:

3.1 Calculate the following for 2016. Where applicable, answers must be rounded off to 2 decimal places. 3.1.1 Gross margin (2) 3.1.2 Profit margin (2) 3.1.3 Return on equity (2) 3.1.4 Dividends per...

Q:

Use the following financial data to prepare the Pro Forma Statement of Financial Position as at 31 December 2021.(20 marks) NFORMATION Jak Limited has provided the following financial data needed to...

Q:

Use the following financial data to prepare the Pro Forma Statement of Financial Position as at 31 December 2021.(20 marks) NFORMATION Jak Limited has provided the following financial data needed to...

Q:

Current Attempt in Progress Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year follow. Cash and cash...

Q:

At an interest rate of 10% compounded annually, Find P? $75,000 G = $1,500 $9,000 $5,400 $6,500 2 3 4 5 6 7 46 47 Select one: O 215,550 375,660 198,243

Q:

A small business has net sales of $1100 per month. Cost of goods sold is $600 per month. The business spends roughly $200 for marketing expenses every month. What would be the marketing return on...

Q:

Watt Co . purchased a 1 0 - year bond with $ 4 0 0 , 0 0 0 face value for $ 3 0 0 , 0 0 0 . If Watt intends to hold the securities to maturity, the entry to record the investment includes A ) a debit...

Q:

Question 5 As a safeguard against political interference, merit - system employees are awarded jobs based on campaign contributions. are forbidden from working in the Federal Labor Relations...

Q:

4. If you were the sixth member of this team, what kinds of communication might you enact to help relieve tension in the group? Apply what youve learned in this chapter by analyzing the following...

Q:

3. How do artifacts affect interaction between members of the team? Apply what youve learned in this chapter by analyzing the following case study, using the accompanying questions as a guide. These...

Q:

2. Identify nonverbal behaviors that express relationship-level meanings of communication. What aspects of team members nonverbal communication express liking or disliking, responsiveness or lack of...