A company's quick ratio is 1.5. If its current liabilities are $200,000 and inventory is $50,000, what are its current assets? A) $250,000 B) $300,000 C) $350,000 D) $400,000

Given the following:    Current Assets $ 18,000   Accounts Receivable $ 3,000   Current Liabilities $ 16,000   Inventory $ 2,000   Net Sales $ 41,000   Total Assets $ 29,000   Net Income $ 6,000      Find the following (round to the nearest hundredth if needed):   Current Ratio? Acid test quick ratio? Average days collection ? Asset turover ? Profit Margin on net sales?

Turbo Start has current assets totaling $1.5 million (this includes $500,000 in current inventory) and current liabilities totaling $400,000. Find the current ratio and quick ratio. Are the ratios at desirable levels? Explain.

Thickburger's net fixed assets = $200,000, total assets = $400,000, inventory =$50,000 and current liabilities = $100,000. All assets are classified as beingeither "current assets" or "fixed assets". What is the firm's current ratio?b. What is Thickburger's quick ratio?

Net Sales?

ACTIVITY 1. MULTIPLE CHOICE wblupi moit boog aamoz a adT Directions: Encircle the letter of the correct answer. 1. MCL Company has a total quick asset of P100,000.00 and quick ratio of 10. How much is the current liabilities of the entity? a. P1,000,000.00 b. P1,100,000.00 c. P900,000.00 d. P10,000.00 2. If the company's net sales is P250,000.00 and the average accounts receivable is P50,000.00, what is the A/R turnover ratio? c. P200,000.00 m d. P300,000.00 a. 5 To Coubrc bns 00.000,000 3. From a current ratio of 4 in 2018, the current ratio of the company is 5 in 2019. b. 1/5 a. This is something good from a liquidity standpoint. b. This is something bad from a liquidity standpoint c. This data has no implication on the liquidity status of the company. d. All of the above.

A company has a current ratio of 2.0. Cash is 20%, accounts receivable is 40%, and inventory is 40% of total current assets. What is the acid-test ratio for the company?   A.   1.2 B.   1.6 C.   2.0 D.   0.8

1. Current assets is P20,000, current liabilities is P30,000. What is the current ratio? 2. Inventory is P15,000; Accounts Payable is P45,000. Cash and accounts receivable total P8,000. What is the current ratio? What is the quick ratio? 3. If current ratio is 1.5, what is the total accounts receivable if cash is P220,000, inventory is P75,000, and accounts payable is P330,000? 4. Cash is 30% of total current assets. If current ratio is 2.5, what is the new current ratio if total noncash current assets grow by 50%? 5. The total asset is P1,500,000. Sales is P4,500,000. What is the asset turnover?

Beach Wear has current liabilities of RM350,000, a quick ratio of 1.65, inventory turnover of 4.7, and a current ratio of 2.9. What is the cost of goods sold? Select one: a. RM2,056,250 b. RM1,760,750 c. RM1,950,000 d. RM1,980,500

Antonio Company's net income and net sales are $50,000 and $800,000, respectively, and average total assets are $400,000. What is Antonio's return on assets?