Cotuit Company has a current ratio of 3.8 and an acid-test ratio of 3.6. The company's current assets consist of cash, marketable accounts receivable, and Inventory equals $12,000. Cotuit Company's current liabilities must be securities, inventories. a. $2,400 b. $60,000 c. $12,000 d. $216,000
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- Find the following using the data bellow Accounts receivable = 111,100,000 Current assets = 316,500,000 Total assets = 600,000,000 A. Return on assets B. Common equity C .Quick ratio8. Compute the acid-test (quick ratio) ratio using the following data: highly liquid assets cash, AR, ST investment A) B) C) D) 1.15 1.24 1.33 1.86 Answer: B Cash Inventory Accounts Receivable Current ratio $115,000 105,000 55,000 2.00FMT Co has current assets that consist of cash: $20,000, receivables: $70,000 and inventory: $90,000. Current liabilities are $75,000. On the basis of the current ratio and the quick ratio, FMT Co is:
- We are given the following information for Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $2,068,000 150,000 923,000 763,000 a. Accounts receivable b. Marketable securities c. Capital assets. d. Long-term debt $ Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items: LA LA LA $ $ 1.00 times 2.60 times $ 40 % 4 times 517000We are given the following information for the Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $ 2,880,000 188,000 890,000 811,000 1.35 times 2.30 times a. Accounts receivable b. Marketable securities c. Fixed assets d. Long-term debt 40 % 5 times Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Lienser Fraktala TAMARA TANT RISHI TRITATE FAST JET PARETSTRANS I nemal osted or annemangen MANENBER HAGPAINT MANSION LARPURCO Calculate the following balance sheet items. (Do not round intermediate calculations. Round your final answers to the nearest whole number.)Q16. Use the following information to calculate the net liquid balance: Cash and equivalents $10 Accounts receivable = $30, Inventory = $25, Accounts payable $10, Notes payable = $25 a. $-25 b. $-15 c. $35 d.$70 Q17. Which of the following best characterizes a firm with current assets of $5,000 and current liabilities of $1,000? A.Liquid B.Solvent C.Insolvent D.Unprofitable Q18. which of the following best describes days sales outstanding? A. average time it takes to collect on a credit sale B. average length of time inventoried item is in stock before it is sold C. average length of time it takes to turn a cash outflow into a cash inflow D. average time between receipt of inventory and collection on a credit sale Q20. The ability of a firm to pay its bills on time while remaining a viable entity is referred to as: A.liquidity B. solvency C. cash conversion cycle D.the net liquidity balance
- Sheridan Industries has the following current assets and liabilities on the company's balance sheet: Cash $14080: Accounts Receivable $5600 Inventory $53000: Prepaid Rent $2900 Accounts Payable $19000 and Unearned Revenue $5000. The company's acid-test ratio would be O 101:1 O 122:1 0 032:1 Ⓒ 0.27:1Find the following using the data bellow a. Accounts receivable B. Current assets C. Total assets D. Return on assets E. Common equity F. Quick ratioWe are given the following information for the Pettit Corporation. Sales (credit) $ 3, 549,000 Cash 179,000 Inventory 911,000 Current liabilities 788, 000 Asset turnover 1.40 times Current ratio 2.95 times Debt-to-assets ratio 40% Receivables turnover 7 times Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items. Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.