Moore Corporation reported the following items at December 31, 2018, and 2017: E (Click the icon...

 

Transcribed Image Text:

Moore Corporation reported the following items at December 31, 2018, and 2017: E (Click the icon to view the comparative financial information.) Read the requirements. Requirement 1. Compute the company's (a) quick (acid-test) ratio and (b) days' sales outstanding for 2018. Evaluate each ratio value as strong or weak. All sales are on account with terms of net 30 days. (a) Enter the formula and calculate the quick (acid-test) ratio for 2018. (Abbreviation used: Cash* = Cash and cash equivalents. Round your final answer to two decimal places.) Quick (acid-test) ratio Moore's quick (acid-test) ratio is considered (b) Select the formula and calculate Moore's days' sales outstanding for 2018. (Round interim calculations to two decimal places, XX.XX. Round the days' sales outstanding up to the next whole day.) Days' sales outstanding Moore's days' sales outstanding V relative to credit terms of net 30 days. Requirement 2. Recommend two ways for Moore to speed up its cash flow from receivables. Moore could speed up cash flows from receivables by or This Question: 25 pts 3 of 4 Moore Corporation reported the following items at December 31, Data Table E (Click the icon to view the comparative financial information. Read the reguirements. Requirement 1. Compute the company's (a) quick (acid-test) rat days. Balance Sheets (Summarized) (a) Enter the formula and calculate the quick (acid-test) ratio for 2 Year End Year End 2018 2017 2018 2017 Current assets: Current liabilities: Moore's quick (acid-test) ratio is considered Cash $ 18,000 $ 14,000 Accounts payable 2$ 19,000 $ 20,500 (b) Select the formula and calculate Moore's days' sales outstand Marketable securities 20,000 9,000 Other current liabilities 108,000 110,000 Accounts receivable, net 53,000 67,000 Long-term liabilities 20,000 21,000 Inventory 190,000 186,000 Other current assets 3,000 3,000 Stockholders' equity 137,000 137,500 Moore's days' sales outstanding rela Long-term assets 10,000 Requirement 2. Recommend two ways for Moore to speed up it $ 284,000 $ 289,000 Total liabilities and equity 2$ 284,000 $ 289,000 Total assets Moore could speed up cash flows from receivables by Income Statement (partial): 2018 Sales revenue $ 900,000 Print Done Choose from any list or enter any number in the input fields a Moore Corporation reported the following items at December 31, 2018, and 2017: E (Click the icon to view the comparative financial information.) Read the requirements. Requirement 1. Compute the company's (a) quick (acid-test) ratio and (b) days' sales outstanding for 2018. Evaluate each ratio value as strong or weak. All sales are on account with terms of net 30 days. (a) Enter the formula and calculate the quick (acid-test) ratio for 2018. (Abbreviation used: Cash* = Cash and cash equivalents. Round your final answer to two decimal places.) Quick (acid-test) ratio Moore's quick (acid-test) ratio is considered (b) Select the formula and calculate Moore's days' sales outstanding for 2018. (Round interim calculations to two decimal places, XX.XX. Round the days' sales outstanding up to the next whole day.) Days' sales outstanding Moore's days' sales outstanding V relative to credit terms of net 30 days. Requirement 2. Recommend two ways for Moore to speed up its cash flow from receivables. Moore could speed up cash flows from receivables by or This Question: 25 pts 3 of 4 Moore Corporation reported the following items at December 31, Data Table E (Click the icon to view the comparative financial information. Read the reguirements. Requirement 1. Compute the company's (a) quick (acid-test) rat days. Balance Sheets (Summarized) (a) Enter the formula and calculate the quick (acid-test) ratio for 2 Year End Year End 2018 2017 2018 2017 Current assets: Current liabilities: Moore's quick (acid-test) ratio is considered Cash $ 18,000 $ 14,000 Accounts payable 2$ 19,000 $ 20,500 (b) Select the formula and calculate Moore's days' sales outstand Marketable securities 20,000 9,000 Other current liabilities 108,000 110,000 Accounts receivable, net 53,000 67,000 Long-term liabilities 20,000 21,000 Inventory 190,000 186,000 Other current assets 3,000 3,000 Stockholders' equity 137,000 137,500 Moore's days' sales outstanding rela Long-term assets 10,000 Requirement 2. Recommend two ways for Moore to speed up it $ 284,000 $ 289,000 Total liabilities and equity 2$ 284,000 $ 289,000 Total assets Moore could speed up cash flows from receivables by Income Statement (partial): 2018 Sales revenue $ 900,000 Print Done Choose from any list or enter any number in the input fields a

Answer rating: 100% (QA)

Solution a Quick Ratio Cash Accounts receivableCurrent liabilities Quick R... View the full answer