Following information is given for NizCol LLCa small firm situated in Nizwa: All figures are in OMR Current Assets = 500 Current Liabilities = 250 What is the Current Ratio ?
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- Assume a company has working capital equal to $23,000 and total current liabilities equal to $75,000. The current ratio: is 0.31. Ois 1.31. Ois 3.21. cannot be determined using this information.Following information is given for NizCol LLC a small firm situated in NIzwa: All figures are in OMR Current Assets = 500 Current Liabilities = 250 What is the Current Ratio ?The following information is taken from the balance sheet of Atlanta Company: Current assets $ 1,215 Current liabilities $ 810 Property, Plant & Equip. 1,760 Noncurrent liabilities 790 Total assets $ 2,975 Total liabilities $ 1,600 What is Atlanta Company's current ratio?
- Southern Style Realty has total assets of $485,390, net fixed assets of $250,000, current liabilities of $23,456, and long-term liabilities of $148,000. What is the total debt ratio? Can you provide the formula?(a) Calculate the current ratio for each of the following competing companies. (Round your answers to 2 decimal places.) Current Assets Current Current Liabilities Ratio Edison 24 78,000 $ 27,178 MAXT 103,740 43,992 84,474 65,483 Chatter 41,995 TRU 70,584 Gleeson 59,982 86,362 (b) Which competitor is in the best position to pay its short-term obligations? O Edison O MAXT O Chatter O TRU O GleesonOld Oak Winery sold inventory for $330,000, terms 4/10, n/30. Cost of goods sold was $153,000. How much sales revenue will Old Oak Winery report from the sale? (Assume the company records sales at the net amount.) OA. $316,800 O B. $153,000 O C. $177,000 O D. $330,000 C
- Compute the current ratio for each of the following competitors. Which company is in the best position to pay its short-term obligations? Net sales Net income Current assets Current liabilities Total assets Current ratio Conclusion Complete this question by entering your answers in the tabs below. Gomez $ 1,350,000 110,000 342,000 190,000 410,000 Gomez Cruz Cruz $ 900,000 3,000 162,000 60,000 510,000 Compute the current ratio for each of the following competitors. Note: Round your answers to 2 decimal places. Current RatioLaDanion's Limos reports net income of $120,000, average total assets of $600,000, and average total liabilities of $240,000. Calculate LaDanion's return on assets and return on equity ratios.You are evaluating the balance sheet for SophieLex's Corporation. From the balance sheet you find the following balances: cash and marketable securities = $450,000; accounts receivable = $1,100,000; inventory = $2,000,000; accrued wages and taxes = $450,000; accounts payable = $750,000; and notes payable = $500,000. Calculate SophieLex's current ratio.
- es Selected financial data regarding current assets and current liabilities for Princess's Line, a competitor in the cruise line industry, is provided: ($ in millions) Current assets: Cash and cash equivalents Current investments Net receivables Inventory Other current assets Total current assets Current liabilities: Accounts payable Short-term debt Other current liabilities Total current liabilities Current Ratio Required: 1. Calculate the current ratio and the acid-test ratio for Princess's Line. (Enter your answers in millions, not in dollars. For example, $5,500,000 should be entered as 5.5.) Accounts in Ratio Acid-Test Ratio Accounts in Ratio Amounts Amounts 11 $403 82 271 96 125 $977 11 $1,061 644 969 $2,674Southern Style Realty has total assets of S485, 390, net fixed assets of $250,000, current liabilities of S 23,456, and long-term liabilities of $148.000. What is the total debt ratio? Multiple Choice .30.35.69.53.68.Given the following information for the Duke Tire Company, find the firm's debt ratio (i.e., total liabilities / total assets): ROE (N/E) = 0.37 (expressed as a decimal) Total asset turnover ratio (S/A) = 2.2 Net profit margin (N/S) = 0.09 (expressed as a decimal)