Question: Using the formula for NWC, we get: NWC = CA - CL CA = CL NWC = $3,950 2,710 = $6,660 So, the current ratio

Using the formula for NWC, we get: NWC = CA - CL CA = CL NWC = $3,950 2,710 = $6,660 So, the current ratio is: Current ratio = CA / CL = $6,660/$3,950= 1.69 times And the quick ratio is: Quick ratio = (CA - Inventory) / CL = ($6,660 - 3,420) / $3,950= 0.82 times

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!

Condensed financial data of Pat Metheny Company for 2025 and 2024 are presented below. Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant...

Xtv - O X 6 E 1 5 = of 2 HW.pdf 0 o file:///C:/Users/18109/Desktop/HW.pdf D Fit to page 9 Page view A Read aloud Add notes H + ON CHAPTER 6 RIM AND FCF VALUATION The following information pertains to...

Hello Finstat. I have really appreciated your help so far. Can you help with the attached? From what I can tell and what the instructor has told us is that this is less involved than the previous...

See page 129- 137 on attachment for more details there are five steps to the project. Step 1: Create the loan amortization schedule for the property. Step 2: Create the depreciation schedule. Step 3:...

This is for a Managerial Corporate finance Class, Please See attachment, it is the sheet labeled PART 2 Financing Growth. I have Completed the internal and sustainable growth portion. I just need...

This is for a Managerial Corporate finance Class, Please See attachment, it is the sheet labeled PART 2 Financing Growth the ONLY document, in the workbook I need help with. I have Completed the...

I need, I am working on GENERAL ELECTRIC AND UNITED TECHNOLOGIES CORP, I need help GE and UTC Financial Statements Forecast for the next 5 year using the attachment. Throughout this course you will...

Please review the attached spreadsheet and help determine if I have done this correctly. Especially looking to find out if numbers in Q3 of Part B should be dollar amounts or percentages. Also need...

Need 7-10 all additional photos are for background information BALANCE SHEET I. Rhonda Rancher has applied for a loan. Her banker, Larry Loanmaker, says the old balance sheet on file must be brought...

I need final page completed regarding PV, capital spending, pv amount, and npv. Calibri A A 29 Wrap Text Custom Paste A 120 B IU -A- Merge & Center $ % ) 20 X fx 018*0.1 B E San Diego Pleasure Craft...

Using the DuPont method, analyse the profitability of each of the two companies in 2022 as compared to 2021 from a shareholders point of view. Based on your calculations, explain the main reason(s)...

The company has a desired net income of $50,400 per service outlet. What is the dollar amount of each type of service that must be provided by each service outlet to meet its target net income? Oil...

Suppose you currently earn taxable income of $100,000 per year. You are subject to an MTR of 50 percent. Currently, your ATR is 35 percent. Calculate your annual tax. Calculate the extra tax that you...

18 Complete these steps for each calculation. i ii Work out an estimate of the answer by rounding each number to one significant figure. Use a calculator to work out the accurate answer. Give this...

at Natasha it's marketing Finance manufacturing Supply Chain management HR and RD departments each have specific targets each year the company as a whole doesn't have targets apparently Natasha...