Question: Please this questions are time sensitive and are needed within an hour 1, A firms current ratio is 1.5, and its quick ratio is 1.0.

Please this questions are time sensitive and are needed within an hour

1, A firms current ratio is 1.5, and its quick ratio is 1.0. If its current liabilities are $10, 500 what are its inventories?

2, The Florida lottery agrees to pay the winner $260,000 at the end of each year for the next 20 years. What is the future value of this prize if each payment is put in an account earning 0.09?

3, Reagan Corp. has reported a net income of $816,600 for the year. The company's shareprice is $13.92, and the company has307,30 shares outstanding. Compute thefirm's price-earnings ratio up to two decimal places.

4, Flying Tigers, Inc., has net sales of $755,000 and accounts receivables of $154,000. Whatis the firm's accounts receivables turnover? (Give your answer up to two decimal places)

5, The following items are components of a traditional balance sheet. How much are the total assets of the firm?

Plant and equipment $42,200

Common stock 15,000

Cash 6,100

Inventory 25,000

Bad debt reserve 6,000

Additional paid-in capital 6,000

Accumulated depreciation 26,200

Accounts receivable 22,000

Answer:

6, Cameron Balance Sheet

Accounts Payable and Accruals 27

Accounts Receivable 55

Accumulated Depreciation (175)

Cash 39

Common Stock 120

Fixed Assets (gross) 390

Inventory 129

Long-Term Debt 200

Retained Earnings 65

What is Cameron Inc.'s Net Working Capital?

Answer:

7, Iris Income Statement

Cost of Goods Sold 330

Depreciation Expense 35

Interest Expense 20

Operating Expense (excluding depreciation) 115

Sales 570

What was Iris Inc.'s earnings before interest and

taxes (EBIT)?

Answer:

8, Iris Balance Sheet

Accounts Payable and Accruals 65

Accounts Receivable 62

Accumulated Depreciation (175)

Cash 29

Common Stock 120

Fixed Assets (gross) 390

Inventory 133

Long-Term Debt 200

Retained Earnings 65

What is Iris Inc.'s Total Assets?

Answer:

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