Current ratio fill in the blank 1 b. Quick ratio
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A: CURRENT RATIO QUICK RATIO FINAL ANSWER B)
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Current Position Analysis
The following items are reported on a company's
| Cash | $460,500 |
| Marketable securities | 359,800 |
| Accounts receivable (net) | 361,900 |
| Inventory | 257,000 |
| Accounts payable | 514,000 |
Determine (a) the
| a. Current ratio | fill in the blank 1 |
| b. Quick ratio | fill in the blank 2 |
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- Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $395,200 $324,000 Marketable securities 457,600 364,500 Accounts and notes receivable (net) 187,200 121,500 Inventories 617,800 411,800 Prepaid expenses 318,200 263,200 Total current assets $1,976,000 $1,485,000 Current liabilities: Accounts and notes payable (short-term) $301,600 $315,000 Accrued liabilities 218,400 135,000 Total current liabilities $520,000 $450,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year 1. Working capital %24 2. Current ratio 3. Quick ratioCurrent Position Analysis The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $620,200 $495,600 Marketable securities 718,100 557,600 Accounts and notes receivable (net) 293,700 185,800 Inventories 314,200 179,900 Prepaid expenses 161,800 115,100 Total current assets $2,108,000 $1,534,000 Current liabilities: Accounts and notes payable (short-term) $394,400 $413,000 Accrued liabilities 285,600 177,000 Total current liabilities $680,000 $590,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year 1. Working capital $fill in the blank 1 $fill in the blank 2 2. Current ratio fill in the blank 3 fill in the blank 4…The following items are reported on a company's balance sheet: Cash $161,300 Marketable securities 126,000 Accounts receivable (net) 72,700 Inventory 144,000 Accounts payable 360,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio fill in the blank 1 b. Quick ratio fill in the blank 2
- PE.17-03B Current Position Analysis The following items are reported on a company's balance sheet: Cash Marketable securities Accounts receivable (net) Inventory Accounts payable Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ratio $210,000 120,000 110,000 160,000 200,000 b. Quick ratioCurrent Position Analysis The following items are reported on a company's balance sheet: Cash $537,500 Marketable securities 419,900 Accounts receivable (net) 334,600 Inventory 387,600 Accounts payable 646,000 Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ratio fill in the blank 1 b. Quick ratioSolvency Analysis The following information was taken from Tyson Company's balance sheet: Fixed assets (net) $774,000 Long-term liabilities 430,000 Total liabilities 1,218,000 Total stockholders' equity 580,000 Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity. If required, round your answers to one decimal place. a. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders' equity
- Cunent POsition Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $426,400 $319,200 Marketable securities 493,700 359,100 Accounts and notes receivable (net) 201,900 119,700 Inventories 958,300 695,400 Prepaid expenses 493,700 444,600 Total current assets $2,574,000 $1,938,000 Current liabilities: Accounts and notes payable (short-term) $382,800 $399,000 Accrued liabilities 277,200 171,000 Total current liabilities $660,000 $570,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place.Current Position Analysis The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $486,400 $392,000 Marketable securities 563,200 441,000 Accounts and notes receivable (net) 230,400 147,000 Inventories 792,000 469,700 Prepaid expenses 408,000 300,300 Total current assets $2,480,000 $1,750,000 Current liabilities: Accounts and notes payable (short-term) $464,000 $490,000 Accrued liabilities 336,000 210,000 Total current liabilities $800,000 $700,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year 1. Working capital $fill in the blank 1 $fill in the blank 2 2. Current ratio fill in the blank 3 fill in the blank 4…Cornerstone Exercise 8-33 (Algorithmic)Liquidity Ratios XYZ's financial statements contain the following information: Cash $369,000 Accounts receivable 795,400 Inventory 975,800 Marketable securities 123,000 Accounts payable 631,000 Accrued expenses 189,000 Long-term debt 1,010,000 Round answers to two decimal places. Required: 1. What is its current ratio? 2. What is its quick ratio? 3. What is its cash ratio?
- Current Position Analysis The following items are reported on a company's balance sheet: Cash $423,700 Marketable securities 331,000 Accounts receivable (net) 304,500 Inventory 264,800 Accounts payable 662,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio fill in the blank 1 b. Quick ratio fill in the blank 2acccounting The following items are reported on a company’s balance sheet: Cash $120,000 Marketable securities 40,000 Accounts receivable (net) 50,000 Inventory 90,000 Accounts payable 150,000 Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ratio fill in the blank 1 b. Quick ratio fill in the blank 2< The following items are reported on a company's balance sheet: $296,600 Marketable securities 185,000 Accounts receivable (net) 121,000 Inventory 127,000 Accounts payable 228,000 Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. Cash a. Current ratio b. Quick ratio
