Question: The quick ratio is 0.81. Current assets are $103,000 and current liabilities are $79,000. What is the amount in the inventory account?
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- General Accounting questionIf beginning inventory is $1,998, ending inventory is $1,407 and cost of goods sold is $11,158, how much is purchases?1. a. The quick ratio is 0.09, cash is $10,000 and accounts receivable are $25,000. Accounts payable are $40,000, and accrued payroll is $15,000. What is the amount in the inventory account?
- What insights can be gained from inventory ratio analysis, such as inventory turnover ratio and number of days sales in inventory ratio?What is the inventory turnover if COGS is $10,000, beginning inventory was 200, and ending inventory was 76?Consider the following financial statement information: Item Beginning Year Ending Inventory € 9.780 € 11.380 € 4.108 € 4.938 € 7.636 € 7.927 Accounts Receivable Accounts Payable Credit Sales Cost of Goods Sold € 89.804 € 56.384 Calculate the operating and cash cycles. How do you interpret your answer?
- General Accounting Question please answerUse the following information: Net sales Cost of goods sold $235,000 168,000 52,000 42,000 Beginning inventory Ending inventory a. Calculate the inventory turnover ratio. b. Calculate the average days in inventory. c. Calculate the gross profit ratio.Please complete the balance sheet using the ratios that have been provided below. Inventory Turnover = Cost of Goods Sold/Inventory Hint: Sales – COSG = Gross Profit SHOW YOUR WORK!!! Cash $200,000 Accounts Payable $100,000 Marketable Sec. $100,000 Acct Rec ________ Notes Payable _______ Inventories ________ Accruals $100,000 Total Current Assets ________ Total Current Liabilities ________ Gross Fixed Assets $4,000,000 Less: Accum Dep. _________ Long Term Debt _________ Net Fixed Assets $ 3,400,000 Stockholders Equity 4,800,000 Other Assets _________ Total Assets $ ________ Total Liabilities and Equity $________ RATIOS Sales $4,000,000 Gross Profit…
