Skaxo has cash of $62, accounts receivable of $148, accounts payable of $230, inventory of $301, long-term debt of $856, and no short-term debt. What is the value of the quick ratio?
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- Credit Card of America (CCA) has a current ratio of 3.5 and a quick ratio of 3.0. If its total current assets equal $73,500, what are CCA’s (a)current liabilities and (b)inventory?1. Current assets is P20,000, current liabilities is P30,000. What is the current ratio? 2. Inventory is P15,000; Accounts Payable is P45,000. Cash and accounts receivable total P8,000. What is the current ratio? What is the quick ratio? 3. If current ratio is 1.5, what is the total accounts receivable if cash is P220,000, inventory is P75,000, and accounts payable is P330,000? 4. Cash is 30% of total current assets. If current ratio is 2.5, what is the new current ratio if total noncash current assets grow by 50%? 5. The total asset is P1,500,000. Sales is P4,500,000. What is the asset turnover?Analyse the effect of each of the following transactions on the current ratio, quick ratio, debt-to-equity ratio and earnings per share. assume that the current ratio, quick ratio and debt-to-equity ratio are each greater than 1 and that earnings per share are positive. determine if the ratio increases decrease or are unchanged. consider each transaction independently of all the other transactions. Repaid short-term loans payable of $51 000. Purchased inventory of $48 000 on cash. Made repayments of $78 000 on the long-term loan. Declared, but did not pay, a $31 000 cash dividend on shares. Borrowed an additional $56 000 on the long-term loan. Sold short-term investments recorded in the balance sheet at $30 000 for $28 000. Issued 140 000 shares at the beginning of the financial period for cash of $168 000. Received $6000 owing in cash from a customer.
- A. Provide exercises. Here are sample questions: Current assets is PHP2,000, current liabilities is PHP3,500. What is current ratio? Inventory is PHP150. Accounts payable is PHP450. Cash and accounts receivable total PHP800. What is the current ratio? Quick ratio? If current ratio is 1.7, what is the total accounts receivable if cash is PHP20,000, inventory is PHP7,500, and accounts payable is PHP30,000. Cash is 30% of total current assets. If current ratio is 2.3, what is the new current ratio if total non-cash current assets grow by 50%? B. 1. compute the ratios of the sample companies and ask them to compare the three companies using the ratios computed. B. 2 what are the possible reason why the sample companies have different ratios. What could have possibly caused these differences? What are the implications? B. 3 How to interpret the liquidity ratios? B4. Which ratio is more relevant - quick ratio or current ratio? B 5. What other factors would a bank or supplier look into in…A. Provide exercises. Here are sample questions: • Current assets is PHP2,000, current liabilities is PHP3,500. What is current ratio? • Inventory is PHP150. Accounts payable is PHP450. Cash and accounts receivable total PHP800. What is the current ratio? Quick ratio? • If current ratio is 1.7, what is the total accounts reccivable if cash is PHP20,000, inventory is PHP7,500, and accounts payable is PHP30,000. • Cash is 30% of total current assets. If current ratio is 2.3, what is the new current ratio if total non-cash current assets grow by 50%? B. 1. compute the ratios of the sample companies and ask them to compare the three companies using the ratios computed. 2014 B. 2 what are the possible reason why the sample companies bave different ratios. What could have possibly caused these differences? What are the implications? B. 3 How to interpret the liquidity ratios? B 4. Which ratio is more relevant - quick ratio or current ratio? B 5. What other factors would a barık or supplier…You are given the following information. What is your liquidity ratio? Annual disposable income: $45,000 Total liabilities: $17,400 Annual savings: $2,400 Long-term assets: $85,000 Current ratio: 2 Debt-to-asset ratio: 0.2 Select one: a. 0.90 b. 0.56 c. 0.89 d. 0.53
- Assume that the company has a current ratio of 1.2. Now which of the above actions would improve this ratio. Which of the following actions would improve (i.e., increase) this ratio?• Use cash to pay off current liabilities.• Collect some of the current accounts receivable.• Use cash to pay off some long-term debt.• Purchase additional inventory on credit (i.e., accounts payable).• Sell some of the existing inventory at cost.Which of the following statement is correct? Select one: O a. Return on assets is the ratio of net income after interest expense to total assets O b. All options are correct statement C. Average collection period is the average number of times it takes for the company's customers to pay their bills o d. Increase in the debt ratio indicate more reliance on debt as a source of financing3. If net sales is P200,000 and the average accounts receivable is P50,000, what is the accounts receivable turnover ratio? * а. 4 b. 1/4 c. P150,000 d. P250,000 5. If total assets amounted to P800,000 and total liabilities amounted to P200,000, what is the debt to equity ratio? * а. 4 b. 0.3333 c. 0.25 d. 3 9. If the operating expenses of the company amounted to P50,000, gross sales amounted to P420,000 and sales discounts amounted to P20,000, how much is the operating expenses to sales ratio? * a. 0.125 b. 8 c. 0.119 d. 8.4
- Justine Company has current assets of P400,000 and current liabilities ofP500,000. Justine Company's current ratio would be increased by: A. The collection of P100,000 of accounts receivable.B. The purchase of P100,000 of inventory on account.C. The payment of P100,000 of accounts payable.D. Refinancing a P100,000 long-term loan with short-term debtVigo Vacations has $300 million in total assets, $7 million in notes payable, and $29 million in long-term debt. What is the debt ratio? Do not round intermediate calculations. Round your answer to the nearest whole number.If a company has a current ratio of 1.5:1, what effects will the borrowing of cash by long-term debt and collection of accounts receivable have on the ratio? Decrease and decrease ) Decrease and no effect Increase and increase Increase and no effect
