Answered: Find out the company's cash ratio which…

Find out the company's cash ratio which has cash of P7500, cash equivalents of P26,250, accounts receivables of P4,300. Its total current liabilities are P45,000. What are cash equivalents? Exe2.1

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Given the cash flows below and an interest rate of 3.4%, solve for the FV. Round to the nearest two…

A: Future value (FV) is a financial concept that represents the projected value of a sum of money at a…

Q: Down Company Manufacturing has the following select financial data as of Dec 31. Cash $20,000 Cash…

A: Cash ratio is computed as = (Cash + cash equivalent) / Current liabilities

Q: Calculate the value of the cash flows at time 6. The interest rate is 11.76%. 1 $1,136 $2,107 $3,096

A: The value of cash flows is calculated as sum of future value of cash flows at the end of year 6

Q: enow.com/ilrm/takeAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLoca ris en les…

A: Solution... Net cash flow from operating activities = $180,269 Net cash used for investing…

Q: PARNELL COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues and…

A: Working note: (All the $ amounts are in thousands.) Compute cash received from customers as shown…

Q: Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care…

A: The objective of the question is to determine which option is more cost-effective for Sheridan…

Q: Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or…

A: Standard costing means where standard is set for various cost element and actual cost is then…

Q: The term cash as used on the statement of cash flows includes all the following EXCEPT: A) cash due…

A: Note: Hi! Thank you for the question As per the honor code, We’ll answer the first question since…

Q: How many possible IRRs could you find for the following set of cash flows

A: Number of IRRs in unconventional cash flows are number of times the polarity changes.

Q: 523.99 deprecitation 4580.77 accounts receivable -543.32 inventory 592.81

A: A company's primary business operations are directly linked to its cash inflows and outflows, which…

Q: Mazaya Company has the following information available Net Income RO 55.000, Cash Provided by…

A: Definition: Statement of cash flows: This statement reports all the cash transactions which are…

Q: Please do fast and don't use ai...... Preparing a Statement of Cash Flows Erie Company reported…

A: Cash Flow from Operating Activities: We'll use the indirect method, starting with the net income and…

Q: What is the amount of cash to reconcile using the direct method on the Statement of Cash Flows?…

A: Solution: Amount of cash to reconcile using the direct method on the statement of cash flows =…

Q: what were the cash collections from customers during the period?

Q: Below are some accounts from Patrick's balance sheets, there is also information from their income…

A: Cash flow from operating activities indicates the cash inflow or outflow transactions related to the…

Q: Calculate to at least four decimal places, answers should be stated as percentages to two places for…

A: Internal rate of return Internal rate of return refers to the exact return that investment is…

Q: A company must decide between scrapping or reworking units that do not pass inspection. The company…

A: Scrapping the units will generate a revenue of $37,700.Reworking the units will incur additional…

Q: Required information [The following information applies to the questions displayed below.] In…

A: Cash flow statement :— It is one of the financial statement that shows change in cash and cash…

Q: Use the following information to perform the calculations below (using the indirect method). Net…

A: The cash flow statement is prepared to record the cash flow from various activities during the…

Q: rm in a remote area of Texas at a cost of $10 million. Bit Cat is legally required to dismantle and…

A: Pv factor @ 8% for 10th year is 0.463193.

Q: For each company, calculate the ratio of cash to noncash assets. (Round percentage answers to two…

A: Cash to non-cash ratio shows how much is cash available with the company.

Q: Stacy Banners reported the following figures in its financial statements: 22,000 86,500 70,000 Cash…

A: Cash ratio is the one which is determined by the entity for the purpose of knowing that the entity…

Q: Need Answer

A: Definition of Cash Flow Statement:The cash flow statement is divided in three sections - cash from…

Q: Use the following information from Birch Company's balance sheets to determine net cash flows from…

A: Cash flows from operating activities: It is a section of Statement of cash flow that explains the…

Q: Problem 21-16 (Algo) Statement of cash flows; indirect method [LO21-4, 21-8] The comparative balance…

A: A cash flow statement is a financial statement that shows the inflows and outflows of cash and cash…

Q: 2. Which of the following statements accurately describes the statement of cash flows? A) It shows…

A: Cash flow statement (CFS) refers to the financial statement of business which states the financial…

Q: Cick the leon toviowthe eaner Cliek the icon te viou the curront apcounte ) 2024 2023 i Data Table…

Q: In preparation for developing its statement of cash flows for the year ended December 31, 2024,…

A: Cash flows from investing and financing activities means the amount of cash received or paid for the…

Question

Find out the company's cash ratio which has cash of P7500, cash
equivalents of P26,250, accounts receivables of P4,300. Its total current
liabilities are P45,000.
What are cash equivalents? Exe2.1

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

1. How much cash is received from sales to customers for year 2021? Assume all the sales were made on credit basis . 2. What is the net increase or decrease in the Cash account for year 2021?
Saxe Banners reported the following figures in its financial statements: Cash $ 25,000 Cash Equivalents Total Current Liabilities 33,000 40.000 Compute the cash ratio for Saxe Banners. Determine the formula, then calculate the cash ratio. (Enter the cash ratio to two decimal places, X.XX.) + )÷ Question Viewer = = Cash ratio
Complete the statement of cash flows for Year 2021 using the indirect method by filing in the spaces.
Calculate cash balances based on the information provided in the chart below and show me how you did it Pro Forma Cash Flow Cash Received Cash from Operations Cash Sales $24,198 $100,099 $122,460 Cash from Receivables $46,108 $217,218 $342,905 Subtotal Cash from Operations $70,306 $317,317 $465,366 Additional Cash Received Sales Tax, VAT, HST/GST Received $0 $0 $0 New Current Borrowing $0 $0 $0 New Other Liabilities (interest-free) $0 $0 $0 New Long-term Liabilities $0 $40,000 $0 Sales of Other Current Assets $0 $0 $0 Sales of Long-term Assets $0 $0 $0 New Investment Received $0 $0 $0 Subtotal Cash Received $70,306 $357,317 $465,366 Expenditures Year 1 Year 2 Year 3 Expenditures from Operations Cash Spending $167,000 $225,200 $229,200 Bill Payments $75,294 $124,114 $152,785 Subtotal Spent on Operations $242,294 $349,314 $381,985 Additional Cash Spent Sales Tax,…
X vog /webapps/blackboard/execute/displaylearningUnit?course_id=_15367_18content_id=_1799353_18. Complete the following problem on an EXCEL spreadsheet. PA9.) Use the following excerpts from Yardley Company's financial information to prepare a statement of cash flows (indirect method) for the year 2018. 2018 Income Statement Balance Sheets $ 455,000 (221,500) Sales Cost of Goods Sold Operating Expenses, other than depreciation expense Depreciation Expense Gain on Sale of Plant Assets Net Income (24,000) 23,500 174,400 (o09'es) Dec. 31, 2018 Cash $321,450 39,750 Accounts Receivable Inventory Accounts Payable Accrued Liabilities 000'EE 00S'E Dec. 31, 2017 $133,500 yse) Accounts Receivable Inventory Accounts Payable Accrued Liabilities 00s'9E 000'SE 19,550 00z Additional information: Plant assets were sold for $40,000; book value $16,500 Dividends of $25,000 were declared and paid 73"F Sunny
Explain Well with proper answer .
What is double entry for the following transaction: Started business with MK20,0000 in bank
Hh1. Account
Given the following financial statement information: $ in millions Income Statement Net Income: $559 Depreciation Expense: $55 Balance Sheet Dec. 31, 2022 Accounts Receivable $38 Total Inventory $122 Accounts Payable $79 Calculate the cash from operating activities. Your Answer: Dec. 31, 2023 $64 $152 $108
Analyze this transaction as an asset, liability, paid in capital or retained earnings(plus or a negative) collected $235,000 in cash from credit customers.
use the information in the income statement below to calculate operating cash flow (OCF). sales- $1,280 COGS- $620 Dep Exp- $180 EBIT- $480 Int Exp- $110 EBT- $370 Taxes- $78 NI- $292
Klp.6 Using the data in the table, calculate the operating cash flow for Cyberdyne. Round your answer to the nearest dollar (no decimals). Cyberdyne Systems Selected Financial Information Net Income $1,215 Depreciation 400 Interest 550 Tax Rate 0.30 Operating cash flow = $