(@@@1) Calculate the following liquidity ratios for Company J: Current RatioQuick Ratio Given the following financial information: Current Assets: $500,000Current Liabilities: $200,000 Inventory: $150,000 Prepaid Expenses: $30,000Accounts Receivable: $80,000 Cash: $50,000 @@@ This question already postedand got correct answer. dont answer this question, i will give 10 dislikes,. do notcopy from chatgpt or any ai @@@

The objective of this question is to calculate the liquidity ratios, specifically the Current Ratio…

Answered: (@@@1) Calculate the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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(Please correct answer and don't use hend raiting and don't use Ai solution) The following data apply to Bright-Side Condos Ltd. (millions of dollars): Cash and Marketable Securities $100 Fixed Assets $283.50 Sales $1,000.0 Net Income $50.00 Quick Ratio 2.0X Current Ratio 3.0X Days Sales Outstanding 40 days Return On Equity 12% Compute the company’s (1) accounts receivable (2) current liabilities (3) current assets, (4) total assets, (5) Return On Assets, (6) common equity, and (7) long-term debt
Fill in the Balance Sheet Fill in the Balance Sheet. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Sales $6039 Total Assets Turnover 4.6 Current Ratio 3.6 Quick Ratio 3.4 Current Liabilities to Stockholders 0.5 Equity Average Collection Period (Use End of Year AR) Total Debt Ratio Cash Accounts Receivables Inventory Assets Total Current Asset Total Net Fixed Assets Total Assets 10 0.84 Balance Sheet Liabilities & Equity Accounts Payable Total Current Liabilities Long-Term Debt Total Liabilities Total Shareholders Equity Total Liabilities and Equity
m.Debt ratio is ____________%. n.Debt to Equity ratio is ___________%. o.Net profit margin is _____%.
Sub : AccountingPls answer very fast.I ll upvote correct answer. Thank You Financial information for Sigma Company is presented below. Calculate the following ratios for Year 2.(a) Inventory turnover.(b) Accounts receivable turnover.(c) Return on total assets.(d) Times interest earned.(e) Total asset turnover. Year 2 Year 1 Assets: Cash $ 18,000 $ 22,000 Marketable securities 25,000 0 Accounts receivable 38,000 42,000 Inventory 61,000 52,000 Prepaid insurance 6,000 9,000 Long-term investments 49,000 20,000 Plant assets, net 218,000 225,000 Total assets $ 415,000 $ 370,000 Net income after interest expense and taxes $ 62,250 Sales (all on credit) 305,000 Cost of goods sold 123,000 Interest expense 15,600 Income tax expense 27,000
The following table shows some selected financial information of Taqah Company. According to the given information, which of the following shows the Quick Ratio (QR) correctly? Cash 8000 Marketable securities 2000 Account Receivables 12000 Long term investment 25000 Long term Loan 12500 Inventory 7000 Rent expense 4200 Current Liabilities 13000 Select one: a. QR 0.70 b. None of the options c. QR = 1.69 d. QR = 1.03 %3D
|| Zoogle has the following selected data ($ in millions): (Round your answers to 2 decimal place. Enter your answers in millions (i.e., $10,110,000 should be entered as 10.11).) Net sales $23,851 Net income Operating cash flows Total assets, beginning Total assets, ending 6,540 9,318 33,768 42,497 Required: 1. Calculate the return on assets. ($ in millions) Return on Assets Net income Average total assets 17.15% Zoogle $4 %3D 6,540.00 2$ 38,132.50
Help me with question b) only: Ratio calculations are: Anne's business for October 2021 Net profit Margin = net profit/sales = (210)/5600 = - 3.75% Gross profit margin = gross profit/sales = 770/5600 = 13.75% Current ratio= current assets/current liability= 15,840/5,150= 3.08 Acid test ratio = (cash+ accounts receivable) / current liability = (7,340+8030+150)/5,150 = 3.02 Accounts receivable collection period = Receivables / Average daily credit sales = 150/ (5600/360 days) = 9.64 days or 10 days Accounts payable payment period = Accounts Payable / Average daily purchases = (5,150/ (5,150/360 days) = 360 days
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The following table shows some selected financial information of Taqah Company. According to the given information, which of the following shows the Current Ratio (CR) correctly? Cash 8000 Marketable securities 2000 Building 20000 Machinery 50000 Account Receivables 12000 Inventory 7000 Rent expense 4200 Current Liabilities 13000 Select one: a. CR = 2.89 b. CR = 0.50 c. CR = 2.23 d. None of the options
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