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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- Please answer Required 13,14,15,16A 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.ABC 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:?????????
- 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%Southern Style Realty has total assets of S485, 390, net fixed assets of $250,000, current liabilities of S 23,456, and long-term liabilities of $148.000. What is the total debt ratio? Multiple Choice .30.35.69.53.68.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. Ph6,000
- 2. If XYZ Company Acid-test ratio is computed as 1.7. Which statement interprets the acid-test ratio of XYZ company a. For every dollar of XYZ Company's current liabilities, the company has $1.70 of very liquid assets to cover its immediate obligations b. For every dollar of XYZ Company's current asset, the company has $1.70 of very liquid assets to cover its immediate obligations c. For every dollar of XYZ Company's total asset, the company has $1.70 of very liquid assets to cover its immediate obligations d. For every dollar of XYZ Company's total liabilities, the company has $1.70 of very liquid assets to cover its immediate obligationsABC 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.Feiler Corporation has total current assets of $515,000, total current liabilities of $379,000, total stockholders' equity of $1,089,000, total plant and equipment (net) of $1,063,000, total assets of $1,578,000, and total liabilities of $489,000. The company's current ratio is closest to: Multiple Choice O 078 1.05 1.36 2.17
- 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…