Privett Company $34,824 71,366 6,577 17,107 41,282 80,242 119,433 74,290 32,322 Notes payable (short-term) 21,034 Property, plant, and equipment 699,355 Prepaid expenses 2,476 Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point? Oa. 0.8 Ob. 17 Oc. 1.9 Od. 3.3 Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities

Privett Company $34,824 71,366 6,577 17,107 41,282 80,242 119,433 74,290 32,322 Notes payable (short-term) 21,034 Property, plant, and equipment 699,355 Prepaid expenses 2,476 Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point? Oa. 0.8 Ob. 17 Oc. 1.9 Od. 3.3 Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities

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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WHAT IS THE TOTAL CURRENT RATIO?
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Please answer very fast then i ll upvote Calculate EBIT. Revenue 1,061,751.0 Cost of sales 690,135.0 Selling, general and administration 53,087.0 Other income 11,796.0 Operating income 330,325.0 Interest expense 19,874.0 Profit before tax 310,451.0 Tax expense 46,500.0 Net income 263,951.0 The footnotes mention the following: Cost of sales includes inventory write off costs 39,677.0 Cost of sales includes distribution costs 120,458.0 SG&A includes corporate restructuring expenses 15,570.0 Responses 385,572.0 275,078.0 330,325.0 506,030.0
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A company reports the following:Sales $4,400,000Average total assets 2,000,000Determine the asset turnover ratio. Round to one decimal place.
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Subject: acounting