7. SAMI Co. has inventory of $110,000, in addition it has current assets of $270,000 and current liabilities of $80.000. The quick ratio for the company is: O a) 2 O b) 4.80

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A: The current ratio is a financial ratio that depicts the relationship between current assets and…

Q: Dennisport Corporation has an acid - test ratio of 2.5. It has current liabilities of $40,000 and…

A: Financial Ratio -A financial ratio, also known as an accounting ratio, expresses the relative…

Q: Brilliant Corp. has total current liabilities of P22,000 and an inventory of P7,000. If its current…

A: The ratio in which the quick assets, i.e., current assets less inventory and prepaid expenses are…

Q: Firm N has a current ratio of 2.5 and current assets of $157,500. Calculate Firm N's current…

A: We have the following information: Current Ratio: 2.5 times Current Assets: $157,500

Q: 7. SAMI Co. has inventory of $110,000, in addition it has current assets of $270,000 and current…

A: Inventory = $110,000 Current assets = $270,000 Current liabilities = $80,000

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A: Net income refers to the after-tax income of an individual.  Net income can also be simply referred…

Q: Jennings Co. has total assets of 441.0 million. it total liabilities are 118.5 million and its…

A: As per the balance sheet, the total assets should be equal to the sum of liabilities, debt, and…

Q: Dennisport's current ratio is 2.8, its inventory and prepaid expenses must be: Multiple Choice O…

A: Current Assets are the assets which are realized within 12 months for example: inventory, cash ,…

Q: SS Stores has total debt of $4,910 and a debt-equity ratio of 0.52. What is the value of the total…

A: Here's how to calculate the total assets of SS Stores:Debt-to-Equity Ratio: The debt-equity ratio…

Q: A company has current liabilities of $70,000 and a current ratio of 3.5. Determine its total current…

A: Current assets: Current assets are all those assets that are expected to be sold or used as a result…

Q: Brilliant Corp. has total current liabilities of P22,000 and an inventory of P7,000. If its current…

A: Here, Current Liabilities is P22,000 Inventory is P7,000 Current Ratio is 1.2

Q: Dennisport Corporation has an acid-test ratio of 1.6. It has current liabilities of $52,000 and…

A: Given the following information: Acid test ratio: 1.6 Current liabilities: $52,000 Non current…

Q: Founders, Inc. has a current ratio of 1.54. If they have $538,170 in Current Assets and $378,700 in…

A: Solution:Quick Ratio refers to the ratio of quick assets to current liabilities.We know, Current…

Q: Jones Corporation reported current assets of $187,000 and current llabilities of $132,000 on Its…

A: Quick Ratio/ Acid Test ratio is Calculate to know the actual Liquidity of a Business have in their…

Q: 11. Cô. has net income of $20,000 and total assets of $100,000. ROA ratio for the company is: O a)…

A: ROA = Net income / total assets

Q: 7. SAMI Co. has inventory c $270,000 and current liabi company is: a) 2 Ob) 4.80

A: Quick ratio =Current assets- inventory/current laibilties

Q: ones Corp. reported current assets of $193,000 and current liabilities of $137,000 on its most…

A: The practice of traditionally evaluating materials for gold using acid is referred to as "acid-test…

Q: Total assets of 689400. Long term debit of 198375, total equity of 364.182, net fixed assets of…

A: Current Ratio: The current ratio contrasts the total current assets and liabilities of a business.…

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A: Profit margin is one of the often used profitability measures to assess a company's or line of…

Q: Soaring Eagles Corp. has total current assets of $11,320,000, current liabilities of $5,204,000 and…

A: Quick Ratio = (Current Assets - Inventory) / Current Liabilities

Q: 14 Zoom has inventory turnover of 4x, it has sales of $300,000, in addition it has current assets of…

A: Current assets = $270,000 Current liabilities = $80,000 Inventory turnover ratio = 4x Sales =…

Q: Morton Company has total current assets of $45,000, including inventory of $10,000, and current…

A: Current ratio is a liquidity ratio used to measure the business's ability to repay it's short term…

Q: PROBLEM5. Following data represents the ratio pertaining to X Co. Ltd. for the year ending 31st…

A: Statement of Financial Position: When a company's assets, liabilities, and equity are all…

Q: $. 5.00.000. V

A: Given information : Current ratio = 1.5 : 1 Net current assets = $5,000,000

Q: Nair Company's total current assets, total current liabilities and inventory for each of the past 4…

A: Current ratio for 2003 =Total current assetsTotal current liabilities=Rs. 16,950Rs. 9,000=1.88…

Q: quick ratio = 0.85,

A: Current Ratio-: Current Ratio is the ratio of current assets and current liabilities in a firm. It…

Q: Given an acid-test ratio of 2.0, current assets of Ph5,000 and inventory of Ph2,000, the value of…

A: The current ratio indicates the ability of the company in terms of paying short-term obligations.…

Q: SDJ, Inc., has net working capital of $1,896, current liabilities of $9,155, and inventory of…

A: Net working capital =$1,896 Current liabilities = $9,155 Inventory = $1,223

Q: 15. Zoom has Quick ratio of 3x, sales of $120,000, in addition it has current assets of $170,000 and…

A: Since only Question 15 is clear and complete ly visible in the picture, so the following solution is…

Q: If a company has current assets of $15,000 and current liabilities of $9,375, its current ratio is…

A: Current ratio is the ratio between total current assets and total current liabilities. It is…

Q: SDJ, Inc., has net working capital of $3,540, current liabilities of $5,350, and inventory of $4,680…

A: The ability of a company to repay brief loans or debts that are due within a year is assessed by the…

Q: 12. 1. Ifa company has current assets of $230,000 and current liabilities of $100,000 the company's…

A: Formula: Current ratio = Current Assets / current liabilities

Q: Ivanhoe Corp. has total current assets of $6,608,000, current liabilities of $4,255,000, and a quick…

A: The assets that are liquidated and converted in cash within a time period of one year and less than…

Q: Harry & Co. has a current ratio of 3.5 : 1 and quick ratio of 2 : 1. If the excess of current assets…

A: Ratio Analysis: Ratio analysis is a quantitative method of gaining insight into a company's…

Q: 1) The Ivy Corporation shows the following data: Current assets:…

A: Current Ratio: It is the measuring tool that is used to measure company's liquidity. It establishes…

Q: The Ivy Corporation shows the following data: Current assets:…

A: quick ratio =current asset - inventorycurrent liabilites

Q: When vertical analysis is applied to the income statement of a business with a net sales of TL…

A: The income statement is the most important financial document issued by a business entity. This…

Q: Reynoso Manufacturing has a current ratio of 1.42:1 and current assets of $643 million. What are…

A: In this question, we are required to determine the current liabilities.

Q: assets consisted of $63,800 Cash; $45,700 Accounts Receivable; and $74,500 of Inventory. The…

A: Acid Test ratio = Quick Assets/ Current liabilities Acid test ratio = $ 109,500/ $ 127,500 Acid test…

Q: Blue Co. has a current ratio of 2 and a quick ratio of 1.8. The current asset of Blue Co. is…

A: Given,  Current liabilities = 3/4th of half of total liabilities = 3/4 * 1/2 * P100,000 = 3/4 *…

Q: Stride Rite has total assets of $425 million. Its total liabilities are $110 million. Its equity is…

A: Given the following information: Total assets: $425 millions Total liabilities: $110 millions…

Q: SDJ, Inc., has net working capital of $1,175, current liabilities of $6,981, and inventory of…

A: Net working capital = $1,175 Current liabilities = $6,981 Inventory = $1,092

Q: Red Sun has net working capital of $400, current assets of $2,315, and inventory of $1,100. �What is…

A: 1. Net working capital = current assets - current liabilities. 2. Current ratio = current assets ÷…