Calculate Ramakrishnan, Inc.'s quick ratio for 2021 and 2020. (Round your answers to 2 decimal places.)20212020Quick ratiotimestimes The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is listed below (in millions of dollars).2021 2020Current assets:Cash and marketable securitiesAccounts receivableInventoryTotal$ 34143206$383$ 25128187$340Current liabilities:Accrued wages and taxesAccounts payableNotes payableTotal2021$ 328776$1952020$ 317668$175

QUICK RATIO Quick Ratio is the Ratio between Liquid Assets & Current Liabilities. Liquid Assets…

Answered: Calculate Ramakrishnan, Inc.'s quick…

Calculate Ramakrishnan, Inc.'s quick ratio for 2021 and 2020. (Round your answers to 2 decimal places.) 2021 2020 Quick ratio times times

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

Suppose you want to have $400,000 for retirement in 35 years. Your account earns 5% interest. How much would you need to deposit in the account each month? Submit Question .com/course/showcalendar.php?cid=179278 Search
??
How long will it take $300 to accumulate to $800 at j12 = 7%? Assume that the practical method of accumulation is in effect. (Be sure to use linear interpolation.) Answer: 14 5 X years, 5 months and 29 Note: Carry four decimal places through all calculations. Your answers should be integers. X days
You can buy a car for $6,998 with $798 down and payments of $164.51 each month for 48 months. what's the amount of interest, interest rate (rounded to two decimal places) and the APR (rounded to the nearest 10th of a percent)
In 2019, the average salary of petroleum engineers was $98,400. Predict what their salary will be in 2028 if their salary increases only by the inflation rate. Assume the inflation rate over this time period is constant at 3.8% per year. The salary of the petroleum engineers will be $ .
Required 1 Calculate the future value. On January 1, 2020, $30,000 is deposited into a savings account. Assuming a 4% interest rate, calculate the amount accumulated on January 1, 2023, if interest is compounded annually. N (period of time) | (Interest) PV (Present Value FV (Future Value) PMT (Annuity) On January 1, 2020, $30,000 is deposited into a savings account. Assuming a 4% interest rate, calculate the amount accumulated on January 1, 2023, if interest is compounded semi-annually. N (period of time) | (Interest) PV (Present Value FV (Future Value) PMT (Annuity) Page 1 On January 1, 2020, $30,000 is deposited into a savings account. Assuming a 4% interest rate, calculate the amount accumulated on January 1, 2023, if interest is compounded quarterly. N (period of time) | (Interest) PV (Present Value FV (Future Value) PMT (Annuity) 2 In each of the three scenarios the FV should continue to increase. Explain why this passes the reasonablenes test.
How much do you need to deposit on April 1, 2019, so that you can make a series of monthly withdrawals of $500? The first withdrawal will be made on May 1, 2025, and the last is made on May 1, 2030. The interest rate is 10% compounded monthly.
Today is January 1, 2020. On the first day of the years 2021, 2022, 2023, and 2024, you will invest $12,000. If your expected rate of return is 7% per year, you will have ___________ on January 1, 2025 (rounded to the nearest dollar).
It is now january 1, 2018, and you will need $1,000 on january 1, 2022, in 4 years. if you have only $750 on january 1, 2019, what interest rate, compounded annually for 3 years, must you earn to have $1,000 on january 1, 2022?
In step 3, how did you arrive at 125,000 for the adjustment?
If an investment grew to $15,000 in 2 years and the interest amount earned was $1,000, calculate the nominal interest rate compounded monthly.
Complete each requirement on a separate worksheet. Each requirement must have a user input section. Makeup and enter your own numbers for the user inputs for each requirement. Requirements: 1. Create a user input section for the user to input the annual effective interest rate and number of periods per year. Calculate the annual nominal interest rate. 2. The user can invest money at the end of each year. Create a user input section for the user to input the amount that they will invest at the end of each year. Using an annual interest rate of 9%, how much will the user have at the end of 7 years? 3. The user wants to save money to buy a new car 10 years from today. The new car will cost $125,000. Create a user input section for the user to input the amount that they can invest at the beginning of each year. What annual interest rate will they need to earn to have enough cash to buy the car 10 years from today? 4. The user wants to save $60,000.00 for a once in a lifetime…