USING EXCEL FORMULAS IN EXCEL Josh Smith has compiled some of his personal financial data in order to determine his liquidity position The data are as follows Account Amount Cash $ 3 comma 140$3,140 Marketable securities 1 comma 0201,020 Checking account 840840 Credit card payables 1 comma 1801,180 Short term notes payable 10801080 a Calculate Josh's liquidity ratio b Several of Josh's friends have told him that they have liquidity ratios of about 1 71 7 How would you analyze Josh's liquidity relative to his friends a Josh's liquidity ratio is nothing (Round to two decimal places )

The Answer is in the image, click to view ...

Question: USING EXCEL FORMULAS IN EXCEL.Josh Smith has compiled some of his personal financial data in order to determine his liquidity position. The data are as

USING EXCEL FORMULAS IN EXCEL.Josh Smith has compiled some of his personal financial data in order to determine his liquidity position. The data are as follows:

Account	Amount
Cash	$ 3 comma 140$3,140
Marketable securities	1 comma 0201,020
Checking account	840840
Credit card payables	1 comma 1801,180
Short-term notes payable	10801080

a. Calculate Josh's liquidity ratio.

Several of Josh's friends have told him that they have liquidity ratios of about

1.71.7.

How would you analyze Josh's liquidity relative to his friends?

a. Josh's liquidity ratio is

nothing.

(Round to two decimal places.)

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!

Please review file and respond asap. The file contains the work that needs to be done. Homework Topics: Balance Sheet, Income and Cash Flow Analysis, Free Cash Flows Problems: 2-4, 2-11, 2-12 Chapter...

please review attached file and respond asap. The solutions are needed by Saturday august 20 P3 Problems P3-1 Reviewing basic financial statements The income statement for the year ended December 31,...

I need help answering the following questions: The last person didn't answer some of the questions and the explanations of the answers didn't make much sense and were very confusing to read. Question...

Personal Finance Problem Liquidity ratio Josh Smith has compiled some of his personal financial data to determine his liquidity position. The data are as follows P3-12 Account Cash Marketable...

Liquidity ratio Josh Smith has compiled some of his personal financial data to determine his liquidity position. The data are as follows. Account Amount Cash $3,200 Marketable securities 1,000...

P314 Liquidity ratio Josh Smith has compiled some of his personal financial data to determine his liquidity position. The data are as follows. a. Calculate Joshs liquidity ratio. b. Several of Joshs...

I need help with these problems. The details are included in the attached files. Thank you Submit a spreadsheet displaying how the answers were calculated. Each problem should be answered on a...

Liquidity ratioJosh Smith has compiled some of his personal financial data in order to determine his liquidity position. The data are as follows: This Question: 1 pt 1 of 8 (0 complete) determine his...

Income statement preparation Adam and Arin Adams have collected their personal income and expense information and have asked you to put together an income and expense statement for the year ended...

Please help me with solution for P2-9; P2-10 a, b, c; P2-13 a, b, c PART ONE Introduction to Managerial Finance P2-13 Liquidity management Bauman Company's total current assets, total current liabil...

Information concerning a product produced by Ender Company appears here: Sales price per unit $ 200 Variable cost per unit $ 80 Total annual fixed manufacturing and operating costs $ 600,000 Required...

Melting the solar salt by burning natural gas and carrying this hot solar salt for 30 km. a) Which equipment should be used? b) Determine the cost of energy. c) Compare solar salt with coal.

Lifestyle Pty ( Ltd ) is an events company that also owns a large number of conference and wedding venues around Gauteng. You have completed your second year module on IFRS 1 5 Revenue from contracts...

transactional view of business

Ethics.Technology. A bank charges extra fees to Hispanic customers for opening and maintaining a checking account without meeting the banks minimum deposit amount.The account has no check-writing...

Police officers in Cincinnati claimed that under the Fair Labor Standards Act they should be paid time and a half overtime for working more than a 40-hour workweek. The city claimed that overtime pay...

Design a business card that includes all relevant information about your business.