SilverLine Technologies has $20,000 in cash, $12,000 in marketable securities, $50,000 in accounts receivable, $30,000 in inventories, and $60,000 in current liabilities. The company's current assets consist of cash, marketable securities, accounts receivable, and inventory. What is SilverLine Technologies' acid-test ratio?
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What is acid test ration? General accounting
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- Can you solve this general accounting problem using accurate calculation methods?Under Armour has the following current assets: cash, $102 million; receivables, $94 million; inventory, $182 million; and other current assets, $18 million. Under Armour has the following liabilities: accounts payable, $98 million; current portion of long-term debt, $35 million; and long-term debt, $23 million. Based on these amounts, calculate the current ratio and the acid-test ratio for Under Armour.You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $400000, Accounts receivable = $1200000, Inventory = $2100000, Accrued wages and taxes = $500000, accounts payable = $800,000, and notes payable = $600000. Calculate Goodman Bees' net working captaL
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