Milton Company has total current assets of $46,000, including inventory of $10,000, and current liabilities of $20,000.

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

Question:

Milton Company has total current assets of $46,000, including inventory of $10,000, and current liabilities of $20,000. The company's current ratio is:

Multiple Choice

a. 0.4.

b. 1.8.

c. 2.8.

d. 2.3.

Related Book For answer-question

Fundamentals of Corporate Finance

ISBN: 978-1118845899

3rd edition

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

See More Books

Posted Date: Feb 04, 2022 03:02 AM

See More Questions

Wolf Pack Enterprises has total current assets of $346,002 and fixed assets of $476,306. The company also has long-term debt of $276,400, $100,000 in its common stock account, and retained earnings...
Swinnerton Clothing Company's balance sheet showed total current assets of $3,125, all of which were required in operations. Its current liabilities consisted of $575 of accounts payable, $300 of 6%...
Flying Penguins Corp. has total current assets of $11,845,175, current liabilities of $5,311,020, and a quick ratio of 0.89. How much inventory does it have?
Use lHpitals rule to find the limit. 31 + 3 43 14t - t + 3 lim
Refer to Exercise 13 (Home Runs). Determine the inter-quartile range for the data. Home Runs Year 1980 1981 1982 1983 1984 Player Mike Schmidt, PHI Mike Schmidt, PHI Dave Kingman, NY Mike Schmidt,...
You were assigned to audit the Property, plant and equipment account of your continuing audit client Lolita Corp. for the period ended December 31, 2021. The PPE file in the permanent working paper...
What is the significance of a statechart diagram?
Transactions related to revenue and cash receipts completed by Main Line Inc. during the month of August 2012 are as follows: Aug. 2. Issued Invoice No. 512 to Boston Co., $780. 4. Received cash from...
This image consists of 4 different photos together , top section is problem number 4,left middle section is questions, left lower section is problem number 2, right section is problem number 3...
The G. Saussy Manufacturing company is putting out four new electronic components. Each of Saussy's four plants has the capacity to add one more product to its current line of electronic parts. The...
Administrative management theory is more about a logical way to designate an entire corporation. This approach includes: A standardized institutional framework. A simple division of labor. Allocating...
What are some of the problems encountered when performing financial statement analyses?
What is the equation for the corporate cost of capital (CCC)?
Are the notes to the financial statements important? Why or why not?
a. What makes an asset a current asset? b. What are some examples of current assets?
What are the three primary methods used to perform DCF calculations?
ICD-10 Discharge Summary Date of Admission 1/31 Date of Discharge:2.3 Discharge Diagnosis: Right lower lobe pneumonia due togram-negative bacteria, resistant to erythromycin. Admission History: This...
An annual report of The Campbell Soup Company reported on its income statement $2.4 million as equity in earnings of affiliates. Journalize the entry that Campbell would have made to record this...
You must choose between investing in stock A and stock B. You have already used CAPM to calculate the rate of return you should expect to receive for each stock given their systematic risk and...
What is the matching principle, and how can it cause accounting expenses to differ from actual cash outflows?
Konerko, Inc., management expects the company to earn cash flows of $13,227, $15,611, $18,970, and $19,114 over the next four years. If the company uses an 8 percent discount rate, what is the future...
Under IFRS, a cash flow statement is: A. Optional. B. Compulsory for listed companies only. C. Not required. D. Compulsory.
Under IAS 7, a cash flow statement focuses on changes in: A. Cash. B. Net current assets. C. Current assets. D. Cash and cash equivalents.
In Activity 12.A, the balance on the deferred tax liability account is growing every year over the five-year period and, if tax conditions remain stable and annual investment continues to rise, then...

Milton Company has total current assets of $46,000, including inventory of $10,000, and current liabilities of $20,000.

Question:

Expert Answer:

current ratio total c... View the full answer

Fundamentals of Corporate Finance

Students also viewed these accounting questions