The current ratio for the following is ..... Group of answer choices.43.23.73.53 Balance SheetFor Year Ending December 31, 2013(all numbers in S000)ASSETSLIABILITIESCurrent AssetsCurrent LiabilitiesCash$500Accounts payableShort-term notes$650Accounts receivable150230-188150(less doubtful accounts)InventoryTemporary investmentPrepaid expensesTotal Current AssetsCurrent portion of long-term notesInterest payableTaxes payableAccrued payroll18045103045$627Total Current Liabilities$1,180Long-term LiabilitiesMortgageOther long-term liabilitiesTotal Long-term LiabilitiesFixed AssetsLong-term investments$400$960Land889450Buildings(less accumulated depreciation)Plant & equipment(less accumulated depreciation)Furniture & fixtures506$1,410-120447Shareholders' EquityCapital stockRetained earningsTotal Shareholders' Equity-20098$400(less accumulated depreciation)-78-421($21)$2,569Total Net Fixed Assets$1,942TOTAL ASSETS$2,569TOTAL LIABILITIES & EQUITY

Formula: Current ratio = Current Assets / Current liabilities Division of current Assets with…

Balance Sheet For Year Ending December 31, 2013 (all numbers in $000) ASSETS Current Assets LIABILITIES Current Liabilities Cash $500 $650 Accounts payable Short-term notes Current portion of long-term notes Interest payable Taxes payable Accrued payroll Total Current Liabilities Long-term Liabilities Mortgage Other long-term liabilities Total Long-term Liabilities Accounts receivable 150 230 (less doubtful accounts) Inventory Temporary investment Prepaid expenses Total Current Assets -188 180 150 10 45 30 5 $627 45 $1,180 Fixed Assets Long-term investments Land Buildings (less accumulated depreciation) Plant & equipment (less accumulated depreciation) Furniture & fixtures $400 $960 889 450 506 $1.410 -120 447 Shareholders' Equity Capital stock Retained earnings Total Shareholders' Equity TOTAL LIABILITIES & EQUITY -200 98 $400 (less accumulated depreciation) Total Net Fixed Assets -78 -421 $1,942 $2,569 (521) $2,569 TOTAL ASSETS

Balance Sheet For Year Ending December 31, 2013 (all numbers in $000) ASSETS Current Assets LIABILITIES Current Liabilities Cash $500 $650 Accounts payable Short-term notes Current portion of long-term notes Interest payable Taxes payable Accrued payroll Total Current Liabilities Long-term Liabilities Mortgage Other long-term liabilities Total Long-term Liabilities Accounts receivable 150 230 (less doubtful accounts) Inventory Temporary investment Prepaid expenses Total Current Assets -188 180 150 10 45 30 5 $627 45 $1,180 Fixed Assets Long-term investments Land Buildings (less accumulated depreciation) Plant & equipment (less accumulated depreciation) Furniture & fixtures $400 $960 889 450 506 $1.410 -120 447 Shareholders' Equity Capital stock Retained earnings Total Shareholders' Equity TOTAL LIABILITIES & EQUITY -200 98 $400 (less accumulated depreciation) Total Net Fixed Assets -78 -421 $1,942 $2,569 (521) $2,569 TOTAL ASSETS

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

To develop Olympic hopefuls, a municipality will construct a dual-purpose facility: a refrigerated parking garage that can also be used as a ski tunnel for training skiers. Estimates for two proposals are given below. The municipality uses an annual interest rate of 10%. Project Life Initial Investment Present Worth of Benefits Present Worth of O&M Costs Benefit-Cost ratio (10%) Proposal 1 50 years $10,000,000 $21,812,592 $1,982,963 ? Proposal 2 50 years $15,000,000 $32,223,147 $3,965,926 1.70 a. What is the Benefit-Cost ratio for "Proposal 1?" [Select] b. Based on a Benefit-Cost analysis, which proposal should be selected? [ Select] 2
Determine the range of the following set of values. 48 42 55 28 112 79 95 27 36 14 96 193 191
#5 -23 1. What is the product’s CM ratio?
Calculate the common size percentages and answer the questions below.
1.The acid test ratio in year 2021 is as follows: A. 1,72:1B. 2,61:1C. 1,94: 1D. 1,26:1E. 1.31:1
What is the current ratio? I got 7.2:1
Comment on the four (4) perspectives of the balanced score card
Please use moving average in answering the questions (disregard FIFO)
Describe the two basic differences between the weighted average and the FIFO method.
Find the correlation of assets A and B if the standard deviation of A is 4 and standard deviation of asset B is 2. The covariance of asset A and B is 1.8268.
Using the current rate method, COGS is translated using a combination of historical and average rates. ATrue BFalse
Determine the median and the values corresponding to the first and third quartiles in the fol-lowing data.4647494951535454555559