A company has cash of $398, accounts receivable of $457, accounts payable of $218, and inventory of $647. The value of the quick ratio is times
A company has cash of $398, accounts receivable of $457, accounts payable of $218, and inventory of $647. The value of the quick ratio is times
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Quickly please
![XYM has interest expense of $168, total revenues of $38,000, costs of goods sold $18,000, administration
and selling expenses of $306, depreciation of $320, and taxes of $1,979. The beginning balance sheet has
total assets of $48,354, net fixed assets of $31,202, current liabilities of $14,207, and total liabilities of
$29,407. The ending balance sheet shows total assets of $49,305, net fixed assets of $33,000, current
liabilities of $17,318, and total liabilities of $30,404. What is the net capital spending?
Answer:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbc4d6e9e-c714-4da6-80bc-c03d447a402a%2Fe29fb095-8707-41f7-b335-e46e240236f9%2F8vddv2_processed.jpeg&w=3840&q=75)
Transcribed Image Text:XYM has interest expense of $168, total revenues of $38,000, costs of goods sold $18,000, administration
and selling expenses of $306, depreciation of $320, and taxes of $1,979. The beginning balance sheet has
total assets of $48,354, net fixed assets of $31,202, current liabilities of $14,207, and total liabilities of
$29,407. The ending balance sheet shows total assets of $49,305, net fixed assets of $33,000, current
liabilities of $17,318, and total liabilities of $30,404. What is the net capital spending?
Answer:
![A company has cash of $398, accounts receivable of $457, accounts payable of $218, and inventory of
$647. The value of the quick ratio is
times](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbc4d6e9e-c714-4da6-80bc-c03d447a402a%2Fe29fb095-8707-41f7-b335-e46e240236f9%2Fym1fgr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A company has cash of $398, accounts receivable of $457, accounts payable of $218, and inventory of
$647. The value of the quick ratio is
times
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