Question: Question 8 1 Point Ace Industries has current assets equal to $3,000,000. The company's current ratio is 2, and its quick ratio is 1.5. what

Question 8 1 Point Ace Industries has current assets equal to

Question 8 1 Point Ace Industries has current assets equal to $3,000,000. The company's current ratio is 2, and its quick ratio is 1.5. what is the firm's level of inventory? A) 720,000 B 810,000 C) 750,000 (D) 780,000

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!

Need help with these discussion postings (in a document) and assignments (all in separate files), all directions are included as well. FINANCE DIRECTIONS Need to provide 1 original post substantial...

Current and Quick Ratios 2. Ace Industries has current assets equal to $3 million. The company's current ratio is 1.5, and its quick ratio is 1.2. What is the firm's level of current liabilities?...

2:1 An investor recently purchased a corporate bond that yields 9%. The investor is in the 36% combined federal and state tax bracket. What is the bond s after-tax yield? 2:2 Corporate bonds issued...

Ace Industries has current assets equal to $3 million. The company's current ratio is 1.5 , and its quick ratio is 1.1 . What is the firm's level of current liabilities? What is the firm's level of...

Be sure to show all work and/or use Excel formulas to demonstrate how you arrived at your answer. (3-1) DSO Greene Sisters has a DSO of 20 days. The companys average daily sales are $20,000. What is...

1. A company has an EPS of $1.50, a cash flow per share of $3.00, and a price/cash flow ratio of 8.0. What is its P/E ratio? 2. Needham Pharmaceuticals has a profit margin of 3% and an equity...

Each Answer must be At least 100 Words; With citations every question. (3-5) How might (a) seasonal factors and (b) different growth rates distort a comparative ratio analysis? Give some examples....

how to calculate ratio and showing the formulas on excel sheet - see the attached Problems (3-4) Reno Revolvers has an EPS of $1.50, a cash flow per share of $3.00, and a price/cash flow ratio of 8.0...

(3-6) Gardial & Son has an ROA of 12%, a 5% profit margin, and a return on equity equal to 20%. What is the companys total assets turnover? What is the firms equity multiplier? (3-7) Ace Industries...

Current and Quick Ratios Ace Industries has current assets equal to $3 million. The company's current ratio is 1.5, and its quick ratio is 1.1. What is the firm's level of current liabilities? What...

An experiment results in one of three mutually exclusive events, A,B,C. it is known that p(A)=.30, p(b)=.55 and p(c)=.15. find each of the following probabilities (a) P(AUB) (b) P(AC) (c) P(A|B) (d)...

Sheila and Joe Wells are married with one dependent child. During 2022, they have gross income of $159,800, deductions for AGI of $5,500, itemized deductions of $27,100 and a dependent tax credit of...

On November 1 3 , Underhill, Incorporated a calendar year purchased a business for a $ 7 5 0 , 0 0 0 lump - sum price.

Draw a class diagram and its relationship based on the following statements. You can use any UML tool/software to represent your class diagram. Do NOT copy and paste your diagram, use the attachment...