Norsk Optronics, ALS, of Bergen, Norway, had a current ratio of 2.5 on June 30 of the current year. On that date, the company's assets were: Cash Accounts receivable, net Inventory Prepaid expenses Plant and equipment, net Total assets $ 90,000 260,000 490,000 10,000 800,000 $1,650,000 Required: 1. What was the company's working capital on June 30? 2. What was the company's acid-test ratio on June 30? (Round your answer to 2 decimal places.) 3. The company paid an account payable of $40,000 immediately after June 30. a. What effect did this transaction have on working capital? b. What effect did this transaction have on the current ratio? 1. Working capital 2. Acid-test ratio 3a. Effect on working capital 3b. Effect on current ratio

Norsk Optronics, ALS, of Bergen, Norway, had a current ratio of 2.5 on June 30 of the current year. On that date, the company's assets were: Cash Accounts receivable, net Inventory Prepaid expenses Plant and equipment, net Total assets $ 90,000 260,000 490,000 10,000 800,000 $1,650,000 Required: 1. What was the company's working capital on June 30? 2. What was the company's acid-test ratio on June 30? (Round your answer to 2 decimal places.) 3. The company paid an account payable of $40,000 immediately after June 30. a. What effect did this transaction have on working capital? b. What effect did this transaction have on the current ratio? 1. Working capital 2. Acid-test ratio 3a. Effect on working capital 3b. Effect on current ratio

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Gomez is considering a $200,.000 investment with the following net cash flows. Gomez requires a 15% return on its investments. (PV of $1. EV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided.) Year 1 Year 2 Year 3 Year 4 Year 5 Net cash flows $76, 800 $59,000 S100,000 $173,000 $41,000 (a) Compute the net present value of this investment. (b) Should Gomez accept the investment? Complete this question by entering your answers in the tabs below. Required A Required B Compute the net present value of this investment. (Round your answers to the nearest whole dollar.) Present Value of 1 at 15% Present Value of Net Cash Flows Net Cash Year Flows Year 1 Year 2 Year 3 Year 4 Year 5 Totals Initial investment Net present value Required B > K Hequirod A
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It’s pretty self explanatory but I am struggling and stressing with this subject please help
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
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Aid Home | Federal Student Aid X Filling Out the FAFSAⓇ Form | Fox M Question 2-CH4 Class-Connec X G [The following information ap mheducation.com/ext/map/index.html?_con-con&external_browser=0&launch Url=https%253A%252F%252Fbbhosted.cuny.edu%252Fwebapps%252Fportal Saved M. Muncel, Capital Dated May 31 PR Debit Account Number 301 Credit Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances). General Ledger Balance Account Number 622 Credit Salaries Expense Date PR Debit Balance G2 40,000 May 31 G2 20,000 M. Muncel, Withdrawals Date PR Debit Account Number 302 Credit Insurance Expense Balance Date PR Debit Account Number 637 Credit May 31 G2 23,000 May 31 G2 Balance 4,400 Services Revenue Date PR Debit Account Number 403 Credit Rent Expense Balance Date PR Debit Account Number 640 Credit May 31 G2 Depreciation Expense Date PR Debit 76,000 Account Number 603 Credit May 31 Income Summary 62 Balance 8,400 May 31 G2…
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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working