Laurel Electronics has a quick ratio of 1.41, current liabilities of $4,462,163, and inventories of $7,863,700. What

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

Question:

Laurel Electronics has a quick ratio of 1.41, current liabilities of $4,462,163, and inventories of $7,863,700. What is the firm’s current ratio? (Round answer to 2 decimal places, e.g. 12.25.)

Related Book For answer-question

Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

See More Books

Posted Date: Mar 13, 2024 06:12 AM

See More Questions

The treasurer of Kelly Bottling Company (a corporation) currently has $200,000 invested in preferred stock yielding 10 percent. He appreciates the tax advantages of preferred stock and is considering...
Use the Ratio Test to determine the values of x 0 for which each series converges. 00 X 2k 2 k=1 k
Harry Pickart, one of your clients, operates a business that rents aircraft parts to motion picture studios for use in film production. Harry purchased most of the aircraft parts at auctions held...
What is another name for conducting a menu analysis when using the contribution margin approach? a. Menu engineering b. Goal value analysis c. Food cost analysis d. Weighted average analysis
Tennessee law imposes durational-residency requirements on persons and companies wishing to operate retail liquor stores, requiring applicants for an initial license to have resided in the state for...
Thrifty Markets, Inc., operates three stores in a large metropolitan area. The company's segmented absorption costing income statement for the last quarter is given below: Management is very...
What is Data Manipulation Language in SQL ? What are the Benefits of DML? What is DML command with example?
1) Using roles, create an ER diagram for a small company using the following words: phone number, id, name, manages, manager, worker, address, employee
Why is the Australian tax system more progressive than most OECD countries, for example, Denmark & Sweden?
How can winning a poker tournament at a casino be described as a business income vs it not be counted as any form of income?
A resident citizen reported the following for the year 2020: Net sales 8,000,000 Cost of sales 3,000,000 Salaries of employees, net of 100,000 withholding tax and 50,000 SSS, Medicare and Pag-ibig...
Smile Company is a domestic company engaged in manufacturing heavy machinery. Smile needs to order some specialty equipment from Churchill Company, a U.K. company which uses Libor as its functional...
What are the tax implications for distributions of $50K or over $50K for C-Corp? How about for Partnership?
GSLLC is owned by Han and Leia 50-50. Han owns 1% managing membership and 49% limited membership while Leia owns 50% limited membership. Han actively manages the shipping business. Due to increased...
Explain the circumstances that could result in a long-term bank loan being shown in a statement of financial position as a current liability.
What are capital markets, and why are they important to corporations?
How do stock prices react to dividend announcements?
Why is excess cash a non-operating asset (NOA)? Why does it make sense to add the value of excess cash to the value of the discounted cash flows when we use the W ACC or FCFE approach to value a...
Identify and explain the meaning of the term "strategy."
Describe and explain each of the major stages of the Strategic Management Planning process.
Identify and describe the major features of the Strategic Management model.

Laurel Electronics has a quick ratio of 1.41, current liabilities of $4,462,163, and inventories of $7,863,700. What

Question:

Expert Answer:

To calculate the current ratio we use the formula Current R... View the full answer

Fundamentals of corporate finance

Students also viewed these finance questions