Answered: a companys current assets are 23,310,…

a companys current assets are 23,310, its quick assets are 13,860 and it current liabilities are 14,000. its quick ratio equals?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Assume that you are given the following ratios: Asset turn-over: -1.5x Return on Assets: -3%…

A: Debt ratio measure the firm's total liabilities as a percentage of its total assets.

Q: A firm has 260,000 shares outstanding, sales of RM1.94 million, net income of RM226,400, a…

A: Here, Outstanding Shares is 260,000 Sales is RM1,940,000 Net Income is RM226,400 Price Earning Ratio…

Q: Jacks has current assets equal to $3 million. The company's current ratio is 1.5, and its quick…

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

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

A: Current Ratio is the ratio of current assets with current liabilities Quick ratio is the ratio of…

Q: You have the following data for a company. What is the return on assets (ROA)? Return on equity =…

A: Return on Assets (ROA): It represents the profitability of the firm in relation to the total assets…

Q: Buttack Eyes, Inc., has sales of $19 million, total assets of $15.6 million, and total debt of $6.3…

A: The return on assets (ROA), a financial metric, gauges a company's financial performance in terms of…

Q: A company has current liabilities of $500 Million, and its current ratio is 2.0. What is the total…

A: Current Assets is that which shows the assets of the company. It includes the Cash, Cash…

Q: Your firm has total assets of $4,900, fixed assets of $3,200, long-term debt of $2,900, and…

A: Working capital is the amount required to meet the day to day operations of a business. The basic…

Q: would represent an example of what type of analysis:

A: Financial statements: It refers to the end reports prepared by n organization to report the…

Q: De Marco Corporation has total assets of $5 million and an asset turnover ratio of 4. If net income…

A: Total Assets =$5 million Asset Turnover Ratio = 4 Net Income =$2 million Asset Turnover Ratio =…

Q: A firm has a long-term debt–equity ratio of 0.50. Shareholders’ equity is $2.0 million. Current…

A: Debt equity ratio- 0.50 Equity - $2.0 million CA- $ 320,000 Total assets - $3,200,000 Current ratio…

Q: The Mikado Company has a ratio of long-term debt to long-term debt plus equity of .32 and a current…

A: We need to use balance sheet equation to calculate net fixed assets.Total assets = Equity + Long…

Q: A firm has the following accounts; sales = $1,190,000, cost of goods sold = $876,000, depreciation…

A: Sales = s = $1,190,000Cost of Goods Sold = cogs = $876,000Depreciation = d = $130,000Addition to…

Q: redondo, Inc., has current assets of $394, net fixed assets of $17,137, current liabilities of…

A: Working capital is very important in business operations and working capital shows the liquidity of…

Q: Draiman Company has a debt-equity ratio of 0.75. Return on assets is 10.4 percent, and total equity…

A: Given the following information: Debt-equity ratio: 0.75 Return on assets: 10.4% Total equity:…

Q: A firm has a return on equity of 27 percent. The total asset turnover is 1.6 and the profit margin…

A: Your take-home pay, sometimes referred to as net income, is the amount of money that remains in your…

Q: net

A: Introduction: The term net income can be defined as the excess of revenues over the expenses of the…

Q: Answer the following: 16. Gross Profit ratio 17. Operating Ratio 18. Rate of return on Assets

A: Gross profit percentage::Gross Profit/Sales*100.. 2020::18,00,000/5150000*100=34.95%…

Q: Best Electronics has a quick ratio of 0.53, current liabilities of $7.3 billion, and inventories of…

A: Given: Quick ratio = 0.53 Current liabilities = $7.3 Billion Inventories = $5.2 Billion

Q: What are the annual sales for a firm with $800,000 in debt, a total debt ratio of .06, and an asset…

A: Debt = 800,000 Total Debt ratio= 0.60 Asset turnover ratio =2

Q: Net sales of an enterprise are 360,000, short-term liabilities are 25,000, and fixed assets are…

A: Ratio analysis: This is the quantitative analysis of financial statements of a business enterprise.…

Q: Suppose a firm pays total dividends of $696,000 out of net income of $2.4 million. What would the…

A: Companies pay dividends to its shareholders from its profits.The quantum of dividends is decided by…

Q: Cash Accounts receivable (net) Other current assets Investments Plant and equipment (net) 1. NOVAK…

A: The ratio is the technique used by the prospective investor or an individual or strategist to read…

Q: A company has a current ratio of 5:1 if the company has ₱200,000 current assets, how much is the…

A: The current ratio is calculated as current assets divided by current liabilities.

Q: ne company's total sales are million. (Round to one decimal

A: Dupont analysis refers to the framework established by the Dupont corporation for analyzing the…

Q: Q1. SDJ, Inc., has net working capital of $-348, current liabilities of $9,255, and inventory of…

A: Networking capital of business are calculated by using the current assets and current liability of…

Q: The lawrence company has a ratio of long term debt to long term debt plus equity of .25 and a…

A: Accounting Equation The entire resources of a corporation are equivalent to the total of its…

Q: The Lawrence Company has a ratio of long-term debt to long-term debt plus equity of .34 and a…

A: Profit Margin = Net Profit/Sales So Net Profit = Sales * Profit Margin ROE = Net Profit/Equity So…

Q: Here’s some info for a company: Total assets = $50,000 Total liabilities = $30,000,000…

A: Total Assets = $50,000 Total Liabilities = $30,000,000 Profit margin = 10% Sales = $50,000,000

Q: jPhone, Inc., has an equity multiplier of 1.44, total asset turnover of 1.73, and a profit margin of…

A: In Finance, Du-point analysis is conducted while making investment decision because it helps to…

Q: Use the Dupont identity to solve the following. The ABC Inc. has sales of $10,500, total assets of…

A: Solution: Dupont analysis is a measure to compute the firm’s Return in Equity (ROE). As per Dupont…

Q: A company has an EPS of $1.65, a book value per share of $16.17, and a market/book ratio of 1.4x.…

A: The objective of the question is to calculate the Price to Earnings (P/E) ratio of a company given…

Q: Ace Industries has current assets equal to $3 million. The company's current ratio is 1.5, and its…

A: Introduction: Current liabilities: The Liabilities which are to be paid with in one year period of…

Q: SDJ, Inc., has net working capital of $2,060, current liabilities of $5,550, and inventory of…

A: Current ratio and quick ratio are the liquidity ratios which are determined by the entity for the…

Q: using the table find the folloing for the four firms: Enterprise value to EBITDA Ratio…

A: Formula for calculation is as below: Note: For PEG calculation, value of growth rate is taken and…

Q: Blue Sun has net working capital of $800, current liabilities of $3,550, and inventory of $3,400.…

A: The current ratio is a ratio which is calculated using the current assets and current liabilities.

Q: A firm has a profit margin of 4% and an equity multiplier of 1.8. Its sales are $370 million, and it…

A: The objective of this question is to calculate the Return on Equity (ROE) for a firm given its…

Q: Choose the correct letter of answer A firm has current liabilities and current ratio are P5,000.00…

A: SOLUTION- CURRENT RATIO IS A LIQUIDITY RATIO THAT MEASURES A COMPANY'S ABILITY TO PAY SHORT TERM…

Q: If Roten Rooters, Inc., has an equity multiplier of 2.46, total asset turnover of 1.63, current…

A: ROE, or Return on Equity, is a financial measure that evaluates a company's profitability by…

Q: synoec company has a debt - equity ratio of .85. return on assets is 10.4 percent, and total equity…

A: We use financial ratios to determine and analyse the financial position and financial health of a…

Q: Here and Gone, Inc., has sales of $17,680,797, total assets of $8,472,354, and total debt of…

A: The ROE is a measure of the financial performance of the entity. Investor generally uses this to…

Q: A firm has a ROE of 16.875%, asset turnover of 2.5, and an equity multiplier of 1.5. If the firm has…

A: Net Income: It is a computation that estimates the amount of total incomes that surpass total costs.…

Question

a companys current assets are 23,310, its quick assets are 13,860 and it current liabilities are 14,000. its quick ratio equals?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

A firm has a return on equity of 21 percent. The total asset turnover is 2.9 and the profit margin is 8 percent. The total equity is $8,000. What is the amount of the net income?
A firm has net income of $21,350, depreciation of $2,780, interest of $640, and taxes of $10,990. The EBITDA multiple is 10.2. What is the value of the firm?
King Industries has net working capital of $17,700, current assets of $39,800, equity of $55,400, and long-term debt of $11,800. What is the amount of the net fixed assets?
Assume that a firm has sales of $11,700,000, total assets of $4,500,000 total common equity of $2,000,000 and an ROE of 37.4985 percent. Using DuPont equation, determine the profit margin for this firm.
What is the earnings per share if the net income is $1,019.20 and the shares outstanding are 1,032,271.
A firm has an ROA of 8%, sales of $80, and total assets of $75. What is its profit margin?
SDJ, Inc., has net working capital of $2,360, current liabilities of $5,430, and inventory of $1,220. a. What is the current ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the quick ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Question
Expressed as a percentage, what would be a company's current ratio if net fixed assets are Ph1,230,000; current assets, P368,400; current liabilities, Ph120,00 and other liabilities, Ph65,000 a. 307% b. 450% c. 603% d. 860%
If Garson Rooters Inc. has an equity multiplier of 1.45, total asset turnover of 1.80, and a profit margin of 5.5%, what is its ROE? (Round the final answer to 2 decimal places.) ROE $14 %
If Charter Company has assets totaling $ 800,000 and equity of 400,000, how much is its liabilities? Answer: