A firm's balance sheet has the following data: Cash on hand = $350,000 • Market securities = $40,000 • • Net accounts and notes receivable = $150,000 Retailers' inventories = $450,000 Prepaid expenses = $60,000 • Accounts and notes payable (short-term) = $600,000 Accumulated liabilities = $100,000 The firm's current ratio and acid-test ratio are closest to what values?
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- Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. are as follows: Cash $420,000 Marketable securities 167,500 Accounts and notes receivable (net) 340,000 Inventories 700,000 Prepaid expenses 40,000 Accounts payable 210,000 Notes payable (short-term) 230,000 Accrued expenses 280,000 Required: 1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios to one decimal place. a. Working capital $ b. Current ratio c. Quick ratio 2. Compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns. Consider each transaction separately and assume that only that transaction affects the data given. Round ratios to one decimal place. Transaction Working Capital Current Ratio Quick Ratio a. Sold marketable securities at no gain or loss, $55,000. $…A company has got $500 in cash and cash equivalents, $300 in inventory and $200 in account receivables. The firm has long term assets of $500. The firm has accounts payables of $200. All other current liabilities total $400. The firm had sales of $1000O, EBIT of $5000, interest expenses of $2000 and net income of $800. Compute the following ratios: Current ratio, DSO, TIE, profit margin, and Total asset turnoverEffect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. follow: Cash $417,500 Marketable securities 160,000 Accounts and notes receivable (net) 320,000 Inventories 700,000 Prepaid expenses 40,000 Accounts payable 240,000 Notes payable (short-term) 235,000 Accrued expenses 320,000 Required: 1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios to one decimal place. a. Working capital b. Current ratio c. Quick ratio 2. Compute the working capital, the current ratio, and the quick ratio after each of the following transactions and record the results in the appropriate columns. Consider each transaction separately and assume that only that transaction affects the data given. Round ratios to one decimal place. Transaction Working Capital Current Ratio Quick Ratio a. Sold marketable securities at no gain or loss, $55,000. b. Paid accounts payable, $120,000. c. Purchased goods on account,…
- A firm has the following accounts; current liabilities = $30,000,000, sales = $245,000,000. The firm has the following ratios; current ratio = 1.76 times, inventory turnover ratio = 15.5 times, average collection period = 45 days. What is the value of the firm's cash? O $52,800,000 $6,788,069 O $9,378,078 O $31,549,104Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. follow: Cash $430,000 Marketable securities 180,000 Accounts and notes receivable (net) 315,000 Inventories 700,000 Prepaid expenses 40,000 Accounts payable 220,000 Notes payable (short-term) 240,000 Accrued expenses 325,000 Required: 1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios to one decimal place. a. Working capital $ b. Current ratio c. Quick ratio 2. Compute the working capital, the current ratio, and the quick ratio after each of the following transactions and record the results in the appropriate columns. Consider each transaction separately and assume that only that transaction affects the data given. Round ratios to one decimal place. Transaction Working Capital Current Ratio Quick Ratio a. Sold marketable securities at no gain or loss, $80,000. $fill in the blank 4…Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. are as follows: Cash $430,000 Marketable securities 190,000 Accounts and notes receivable (net) 345,000 Inventories 750,000 Prepaid expenses 46,000 Accounts payable 200,000 Notes payable (short-term) 245,000 Accrued expenses 305,000 Required: 1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios to one decimal place.
- Balance Sheet You are evaluating the balance sheet for Cypress Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $670,000, Accounts receivable = $870,000, Inventory = $570,000, Accrued wages and taxes = $111,000, Accounts payable = $207,000, and Notes payable = $1,070,000. What is Cypress's net working capital? Multiple Choice $1,388,000 O $2,110,000 $722,000 O $3,498,000Effect of transactions on current position analysis Data pertaining to the current position of Forte Company follow: Cash $412,500 Marketable securities 187,500 Accounts and notes receivable (net) 300,000 Inventories 700,000 Prepaid expenses 50,000 Accounts payable 200,000 Notes payable (short-term) 250,000 Accrued expenses 300,000 1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round to one decimal place. Working Capital: $fill in the blank 1 Current Ratio: fill in the blank 2 Quick Ratio: fill in the blank 3 2. Compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns. Consider each transaction separately and assume that only that transaction affects the data given. Round to one decimal place. a. Sold marketable securities at no gain or loss, $70,000. b. Paid accounts payable, $125,000. c. Purchased goods on account, $110,000.…Data pertaining to the current position of Forte Company follow: Cash $437,500 Marketable securities 170,000 Accounts and notes receivable (net) 320,000 Inventories 700,000 Prepaid expenses 42,000 Accounts payable 240,000 Notes payable (short-term) 250,000 Accrued expenses 310,000 Required: 1. Compute (A) the working capital, (B) the current ratio, and (C) the quick ratio. Round ratios to one decimal place. 2. Compute the working capital, the current ratio, and the quick ratio after each of the following transactions and record the results in the appropriate columns of the table provided. Consider each transaction separately and assume that only that transaction affects the data given. Round ratios to one decimal place. A. Sold marketable securities at no gain or loss, $75,000. B. Paid accounts payable, $135,000. C. Purchased goods on account, $100,000. D. Paid notes payable, $105,000. E. Declared a cash dividend, $125,000. F. Declared a…
