Question: XYZ Corporation had total quick assets of $8,200,000, current assets of $14,500,000, and current liabilities of $10,000,000. Its acid-test ratio equals: a. 0.62 b. 1.45 c. 0.82 d. 0.97 e. 0.72
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- Expressed as a percentage, what would be a company's current ratio if net fixed assets are Ph1,230,000; current assets, P368,400; current liabilities, Ph120,00 and other liabilities, Ph65,000 a. 307% b. 450% c. 603% d. 860%Given an acid-test ratio of 2.0, current assets of Ph5,000 and inventory of Ph2,000, the value of current liabilities is a. Ph1,500 b. Ph 2,500 c. Ph 3,500 d. Ph6,0002. If XYZ Company Acid-test ratio is computed as 1.7. Which statement interprets the acid-test ratio of XYZ company a. For every dollar of XYZ Company's current liabilities, the company has $1.70 of very liquid assets to cover its immediate obligations b. For every dollar of XYZ Company's current asset, the company has $1.70 of very liquid assets to cover its immediate obligations c. For every dollar of XYZ Company's total asset, the company has $1.70 of very liquid assets to cover its immediate obligations d. For every dollar of XYZ Company's total liabilities, the company has $1.70 of very liquid assets to cover its immediate obligations
- Working Capital and Current Ratio Current assets and current liabilities for Konex Properties Company follow: 20Y9 20Υ8 Current assets $2,042,400 $1,759,500 Current liabilities 1,380,000 1,150,000 a. Determine the working capital and current ratio for 20Y9 and 20Y8. If required, round "current ratio" answers to two decimal places. 20Y9 20Υ8 Working capital Current ratio b. Is the change in the current ratio from 20Y8 to 20Y9 favorable or unfavorable? Unfavorablev Feedbock Chock My Work a. Remember that current assets are compared to current liabilities to see if current obligations can be paid off with current resources. This is expressed by a dollar a b. Increases are considered favorable and decreases are considered unfavorable.ans 7,Choose the correct letter of answer A firm has current liabilities and current ratio are P5,000.00 and 2.0, respectively. What is the total of its current assets? *a. P10,000.00b. P10,500.00c. P15,000.00d. P20,000.00e. P40,000.00
- Resolve and explain the result of the current ratio for XYZ Company and compare andexplain this result with the Industry average, where current liabilities = $581,000 andcurrent assets = $832,000. a. Resolve the current ratio for XYZ Company b.Explain the result of the current ratio for XYZ Company c.Compare and explain the result of the current ratio for XYZ Company with the Industryaverage.THE Q GIVEN ELOWIf current assets are $112,000 and current liabilities are $56,000, what is the current ratio?A. 200 percentB. 50 percentC. 2.0D. $50,000
- Southern 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.ABC company has NOA of $23,046. Its comparable companies show the following financial data: Company Operating value NOA $23,046 $29,828 $32.956 LBJ $36412 $29,828 $18,923 MLK $34,277 $26,449 NDR $20,932 What is ABC company's operating value? Assume an equally weighted average is used in the multiple method. $14,7021. What is the current Ratio assuming company A has the following data in its balance sheet? Current Asset of $3500,000 Current Liability of $3200,000 a) 1.09:1 b) 1.35:1 c) 0.9:1 d) 1:1.09 2. What is the current Ration assuming Company B has the following data in its balance sheet? Current Asset of $3,200,000 Currebt Liability of $3,500,000 a) 1:1.27 b) 1.09:1 c) 1:0.79 d) 0.91:1
