ABC Corporation had total quick assets of $6,700,000, current assets of $12,000,000, and current liabilities of $8,500,000. Its acid-test ratio equals: a. 0.56 b. 1.56 c. 2.20 d. 0.71 e. 0.79
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- A company’s quick assets are $37,500, its current assets are $80,000, and its current liabilities are $50,000. Its acid-test ratio equals a. 1.600. c. 0.625. e. 0.469. b. 0.750. d. 1.333.Provide solution for this questionABC has the following current assets: cash, $102 million; receivables, $94 million; inventory, $182 million; other current assets, $18 million. ABC also has the following liabilities: accounts payable, $98 million; long-term debt, $23 million. Based on these amounts, what is the acid-test ratio ? Numeric Response:?????????
- Given an acid-test ratio of 2.0, current assets of Ph5,000 and inventory of Ph2,000, the value of current liabilities is a. Ph1,500 b. Ph 2,500 c. Ph 3,500 d. Ph6,000ABC Corporation’s total quick assets were $1,318, its current assets were $4,331 and its current liabilities were $2,241. Calculate the acid-test ratio. Comment on ABC’s ability to meet its current obligations.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.
- ABC Ltd. has a Current Ratio of 1.5: 1 and Net Current Assets of $. 5,00,000. What are the Current Assets?Under Armour has the following current assets: cash, $102 million; receivables, $94 million; inventory, $182 million; and other current assets, $18 million. Under Armour has the following liabilities: accounts payable, $98 million; current portion of long-term debt, $35 million; and long-term debt, $23 million. Based on these amounts, calculate the current ratio and the acid-test ratio for Under Armour.1) The Ivy Corporation shows the following data: Current assets: $400,000 Current liabilities: $210,000 Inventory: 500,000 Current assets…
- The current assets of Novak Corp. are $495600. The current liabilities are $168000. The current ratio expressed as a proportion isA company has total assets of $350,000 consisting of current assets of $115,000, property, plant, and equipment of $200,000, and other assets of $35,000. The company has total liabilities of $100,000 consisting of current liabilities of $65,000 and other liabilities of $35,000. What is the current ratio? Oa. 5.38 Оb. 3.50 Oc. 1.77 Od. 1.15Garry Co. has a current ratio of 8:1 and a quick acid test ratio of 6. Current assets are P360,000. How much are thenon-quick asset?