Current asset information for Hundred Dollar Tree is presented below.Cash and cash equivalents $ 1,246,743Marketable securities324,166Accounts receivable (net)InventoriesPrepaid expensesOther current assetsTotal current assets516,357852,443110,3391.634.423$4,684,471Hundered Dollar Tree has a current ratio of 1.8. What is Hundred Dollar Tree's quick ratio?A) 0.69B) 0.80C) 0.78D) 0.89

Given: Current assets = $4684471 Current ratio = 1.8

Answered: Current asset information for Hundred…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Refer to the 10-K for Abercrombie & Fitch. Required: 1. What does the company report for the following accounts for the most current fiscal year: Enter your answer in thousands. a. Cash b. Short-term investments (or marketable securities) c. Accounts receivable d. Inventory e. Other current assets f. Accounts payable g. Other current liabilities h. Cash flow from operations A A AA A A 好 2. The company projects the following to occur in the next fiscal year: • Accounts payable will decrease by 25%. • Other current liabilities are expected to increase by 33%. • Cash flow from operations is expected to decrease by 32%. Assume all other items remain unchanged from the prior year. Provide the next year's forecasted balances for the following accounts and cash flow from operations.
Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $ 30,000 Accounts receivable 60,000 Accrued liabilities 5,000 Cash 30,000 Intangible assets 50,000 Inventory 69,000 Long-term investments 80,000 Long-term liabilities 100,000 Marketable securities 30,000 Fixed assets 670,000 Prepaid expenses 1,000
Calculating the Current Ratio and the Quick (or Acid-Test) Ratio Hannah Company has current assets equal to $3,800,000. Of these, $1,200,000 is cash, $1,800,000 is accounts receivable, $500,000 is inventory, and the remainder is marketable securities. Current liabilities total $1,942,000. Required: Note: Round answers to two decimal places. 1. Calculate the current ratio. 2. Calculate the quick ratio (acid-test ratio).
Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $ 30,000 Accounts receivable 60,000 Accrued liabilities 4,000 Cash 60,000 Fixed assets 670,000 Intangible assets 50,000 Inventory 69,000 Long-term investments 80,000 Long-term liabilities 100,000 Prepaid expenses 1,000 Temporary investments 50,000 a.6.5 b.5.0 c.7.1 d.1.3
Show the current ratio with formulas
Calculating the Current Ratio and the Quick (or Acid-Test) Ratio LoLo Lemon Company has current assets equal to $500,000. Of these, $300,000 is cash, $75,000 is accounts receivable, $125,000 is inventory, and the remainder is marketable securities. Current liabilities total $425,000. Required: Note: Round answers to two decimal places. 1 Esiculate the current ratio. 2. Calculate the quick ratio (acid-test ratio).
compute the cash ratios for 2018 and 2017 (Round your answers to two decimal places, X.XX.) 2018:? 2017:? here is the data table Ranfield, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 2016* Assets Current Assets: Cash $91,000 $90,000 Accounts Receivables, Net 112,000 119,000 $102,000 Merchandise Inventory 148,000 160,000 202,000 Prepaid Expenses 17,000 6,000 Total Current Assets 368,000 375,000 Property, Plant, and Equipment, Net 213,000 174,000 Total Assets $581,000 $549,000 $596,000 Liabilities Total Current Liabilities $223,000 $241,000 Long-term Liabilities 115,000 98,000 Total Liabilities 338,000 339,000 Stockholders' Equity…
Calculate the horizontal analysis, vertical analysis Y3 and Y2. All need to be expressed as percentages.
Use the following information to complete the balance sheet below. Sales are $8.7 million, capital intensity ratio is 2.00 times, debt ratio is 65 percent, and fixed asset turnover ratio is 1.20 times. Note: Enter your answers in millions of dollars rounded to 2 decimal places. Current Assets = ? Fixed Assets = ? Total assets = ? Total liabilities = ? Total equity = ? Total liabilities and equity = ?
8. 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 2.00
A. Provide exercises. Here are sample questions: Current assets is PHP2,000, current liabilities is PHP3,500. What is current ratio? Inventory is PHP150. Accounts payable is PHP450. Cash and accounts receivable total PHP800. What is the current ratio? Quick ratio? If current ratio is 1.7, what is the total accounts receivable if cash is PHP20,000, inventory is PHP7,500, and accounts payable is PHP30,000. Cash is 30% of total current assets. If current ratio is 2.3, what is the new current ratio if total non-cash current assets grow by 50%? B. 1. compute the ratios of the sample companies and ask them to compare the three companies using the ratios computed. B. 2 what are the possible reason why the sample companies have different ratios. What could have possibly caused these differences? What are the implications? B. 3 How to interpret the liquidity ratios? B4. Which ratio is more relevant - quick ratio or current ratio? B 5. What other factors would a bank or supplier look into in…
Please help with both. Thank you :)

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