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
Q: Hi expart Provide correct answer not use chatgpt
A: Detailed explanation:Kindly mark it as HELPFULThanks !
Q: How to calculate dissolution in partnership firm account
A: The Realization Account is prepared to find out the profit or loss on realization of assets and…
Q: Hello tutor give correct answer
A: Step 1: Define Recognized gainThe gain that a company or an organization earns when the asset is…
Q: Which financial statement shows a company's financial position at a specific point in time? A.…
A: A company's financial situation is shown in snapshot form on the balance sheet at a given point in…
Q: Managerial accounting
A: Explanation: To calculate the amount to be invested at 8% for 3 years to get the amount of $400,000…
Q: 8.5 During 2020 and 2021, Sharp Corporation experienced several transactions involving plant assets.…
A: Cost of Computer System Installation:Net Book Value at Dec 31/2020: U-an expense was not recorded as…
Q: Ans
A: Explanation of Cost of Machinery:This is the total amount spent to acquire the machinery. It…
Q: General Accounting
A: Step 1: Introduction to the Degree of Operating LeverageThe degree of operative leverage (DOL)…
Q: None
A: Calculating the Effective Annual Rate (EAR) for Each AlternativeAlternative A:EAR = (1 + 0.02 / (1 -…
Q: General Accounting question give answer
A: Step 1: Determine the Revenue per ticket packageStep 2: Determine the Cost per ticket package…
Q: Managerial Accounting
A: To determine Bravo Company's direct labor costs for the fiscal year, we can use the formula for Cost…
Q: Solve this one
A: Step 1: Define Product Costs & Period CostsThe total costs of a firm can be classified into…
Q: The materials handling charge for ABC corp is $0.50 per pound of finished product. What is the…
A: To calculate the materials handling charge, we need to determine the total weight of the finished…
Q: Financial accounting
A: Step 1: Introduction to the Non-Callable BondsA investor with a non-callable bond cannot receive the…
Q: 10:26 bartleby.com/question + 0 X Homework Help is Here - Start Your Trial Now! → SEARCH Question…
A: I understand you'd like me to complete the worksheet based on the given transactions. As I can't…
Q: What is the company's asset turnover ratio?
A: Step 1: Define Assets Turnover RatioThe assets turnover ratio is an activity financial ratio that…
Q: provide correct answer
A: Step 1: Calculate the Annual DepreciationThe company uses straight-line depreciation, which means…
Q: Please Download EURUSD spot exchange rate data from Yahoo Finance by using ‘yfinance’ module or use…
A:
Q: Need help with this accounting question
A: Step 1: Understand the formula for Cost of Goods Manufactured (COGM)Step 2: Substitute the known…
Q: 1) Rover Co. began operations two years ago (Year 1) and recognized $37,000 in business income and…
A: Step 1: Carrying forward the business loss from Year 2In Year 2, Rover Co. incurred a business loss…
Q: General Accounting
A: 1. PV = CF / (1 + r)^n2. Given:PV = Present ValueCF = Cash Flowr = Discount Raten = Number of…
Q: None
A: Step 1: Introduction to the Cost-Volume-Profit (CVP) AnalysisThe CVP analysis is useful in coming up…
Q: If Epic, Inc. has an ROE of 25%, an equity multiplier of 4, and a profit margin of 12%, what is the…
A:
Q: If a company purchases inventory for $50,000 with terms 2/10, n/30, and pays within the discount…
A: Step 1: Introduction to accountingAccounting is defined as the process of recording business…
Q: Need help with this accounting question
A: Step 1: Introduction to the InflationInflation is the rise in the rate of commodities due to changes…
Q: Solve this one
A: Step 1: Define Fixed AssetsFixed assets are discarded at the end of their estimated life. They can…
Q: Not use ai please don't
A: Step 1: Define Income StatementThe income statement for a firm may be prepared by using the…
Q: Hi expart Provide correct calculation
A: Step 1: Introduction to the DuPont FormulaDuPont formula is an important formula that is used to…
Q: Can you please give correct calculation for the general accounting?
A: Step 1: Define Manufacturing CostsManufacturing costs include all costs and expenses that are…
Q: None
A: Step 1: Define OverheadsOverheads are collections of indirect costs of production that are difficult…
Q: Imagine that you realize that the firm you are working for does not have good documentation for its…
A: Efficient documentation is crucial for accurately capturing the structure and functioning of the…
Q: Business 123 Introduction to Investments May I please have the solution for the following exercise?…
A: To complete this exercise, you'll need to analyze at least two stocks from the list provided (Merck,…
Q: Give true solution for this general accounting question
A: Step 1: Define LiabilitiesA liability is a kind of debt that a person or a company owes to a…
Q: Can you please give me answer this accounting question?
A: Step 1: Define Earnings per ShareEarnings per share is a financial ratio that represents the net…
Q: Hello tutor provide answer the accounting question
A: Step 1: Introduction to the Equated Monthly InstallmentsEquated monthly installments or EMI is a…
Q: General Accounting question give correct answer
A: Step 1: Define Credit SalesWhen a firm sells its goods and services and allows its customers to pay…
Q: General Accounting
A: Step 1: Define Contribution Margin RatioThe contribution margin ratio shows the contribution margin…
Q: 10.5 Vandelay Industries Ltd. had one patent recorded on its books as at January 1, 2020. This…
A: 1. Calculate Monthly Amortization:Divide the original book value by the remaining useful life in…
Q: Detailed explanation
A: Explanation of Accrual Accounting: Accrual accounting recognizes revenue when it is earned and…
Q: 10.1 Recharge Ltd. purchased a patent on January 1, 2020, for $ 1,120,000. At the time of the…
A: Summary of Journal Entries1. Purchase of Patent (2020):• Dr Patent: $1,120,000• Cr Cash:…
Q: Need experts solution only Don't, don't use AI.
A: Here's a detailed explanation for better understanding. Step 1: InputsYou provided the…
Q: What is a good response to.... Embezzlement is a type of fraud that happens when someone within an…
A: Your post emphasizes important elements of tackling embezzlement in an organization. Your…
Q: What is the owner's equity?
A: Explanation of Assets: Assets are resources owned by a business that are expected to provide future…
Q: 8.2 The following transactions occurred during 2020. Assume that depreciation of 10% per year is…
A: referencehttps://www.cpdbox.com/003-demolition-cost-ifrs/
Q: The average number of radioactive particles passing through a counter during 1 millisecond in a lab…
A: To find the probability that more than 3 milliseconds pass between radioactive particles, we can use…
Q: Blake's Bakery purchased new equipment for $45,000 on January 1, 2024. The equipment has an…
A: 1. Straight-Line Depreciation Method: Step 1: Identify key values.Cost of equipment = $45,000Salvage…
Q: Hudson Company reports the following contribution margin income statement. HUDSON COMPANY…
A: To get the sales given a target income, use the following formula: Sales = (Target Income + Fixed…
Q: What is the npv of investing in laundry equipment?
A: To calculate the net present value (NPV) of investing in the laundry equipment, we will use the…
Q: Hello tutor please need answer the accounting question
A: Step 1: Define LiabilityWhen an individual or a company owes something to somebody, generally, a sum…
Q: The following is information for Palmer Company. Cost of goods sold Ending inventory Year 3 $608,825…
A: Requirement 1:Computation of inventory turnover and days' sales in inventory for the year 2 by using…
Hi expart Provide solution for this accounting question
Step by step
Solved in 2 steps
- Provide solution for this questionSouthern 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.Assume XYZ total assets $1,000,000 and net fixed $600,000. But current liabilities $200,000. Calculate the company current ratio? a. 4x O b. 2x c. 1.5x d. 3x
- 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 obligationsGarry 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?SDJ, Inc., has net working capital of $3,540, current liabilities of $5,350, and inventory of $4,680What is the current ratio?
- Al Kharif Company's total of short term liabilities is OMR 320,000 and total of long term liabilities is OMR 260,000. Its total assets are OMR 760,000. The Debt to total funds ratio of the company will be: a. 0.812 b. 1.310 c. 0.342 d. 0.763Working Capital and Current Ratio Current assets and current liabilities for Konex Properties Company follow: 20Y9 20Υ8 Current assets $2,042,400 $1,759,500 Current liabilities 1,380,000 1,150,000 a. Determine the working capital and current ratio for 20Y9 and 20Y8. If required, round "current ratio" answers to two decimal places. 20Y9 20Υ8 Working capital Current ratio b. Is the change in the current ratio from 20Y8 to 20Y9 favorable or unfavorable? Unfavorablev Feedbock Chock My Work a. Remember that current assets are compared to current liabilities to see if current obligations can be paid off with current resources. This is expressed by a dollar a b. Increases are considered favorable and decreases are considered unfavorable.Ssj inc has net working capital of $2170, current liabilities of $4590, and inventory of $3860. What is the current ratio? What is the quick ratio?