None A firm has inventory of $11,400, accountspayable of $9,800, cash of $850, net fixedassets of $12,150, long-term debt of $9,500,accounts receivable of $6,600, and totalequity of $11,700. What is the common-sizepercentage for the net fixed assets?a) 26.67 percent.b) 48.75 percent.c) 39.19 percent.d) 42.08 percent.

Step 1: Define Fixed AssetsFixed assets are balance-sheet sub-components that are normally…

Answered: A firm has inventory of $11,400,…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...

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A firm has net working capital of $25,089. Long-term debt is $106,286.6, total assets are $151,838, and net fixed assets are $113,878.5. What is the amount of the total liabilities? O 134,340.90 -134,340.90 119,157.10 O 37,959.50 O 144,246.10
Total assets are $12.0 million, with $4.0 million being long-term assets. Current liabilitiesare $2.5 million and total liabilities are $6.5 million. The current ratio would be closest to:a. 1.6.b. 1.8.c. 3.2.d. 4.8.
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A firm has $680 In inventory, 52,140 in fixed assets, $210 In accounts receivables, $250 in accounts payable, and $80 in cash. What is the amount of the net working capital?
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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?

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