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?Bunky 's Boutique has cash of $100, accounts receivable of $190, accounts payable of $200, short-term notes payable of $140, LTD of $200, Common Stock of $150 and inventory of $150. What is the value of the quick ratio?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.
- Compute the Quick ratio if Current Assets: 11.436; Current Liabilities: 5.414; Inventory: 4.456; Cash: 2.024.What is the accounts receivable turnover rate on these accounting question?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
- Need answer the accounting questionPlease provide this question answer general accountingABC has the following current assets: cash, $102 million; receivables, $94 million; inventory, $182 million; other current assets, $18 million. ABC also has the following liabilities: accounts payable, $98 million; long-term debt, $23 million. Based on these amounts, what is the acid-test ratio ? Numeric Response:?????????
- Indicate the effect of the transactions listed in the following table on total current assets, current ration, and net income. Use (+) to indicate an increase, (-) to indicate a decrease, and (0) to indicate either no effect or an indeterminate effect. Be prepared to state any necessary assumptions and assume an initial current ratio of more than 1.0. Short-term notes receivable are sold at a discount.Vigo 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.Please Help! I am struggling so much with this chapter. Instructions: Determine the following measures for 20Y2, rounding to one decimal place including percentages, except for per-share amounts. 1. Working Capital 2. Current Ratio 3. Quick Ratio 4. Accounts Receivable Turnover 5. Number of days' sales in receivables 6. Inventory Turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholder's equity 10. Times interest earned 11. Asset Turnover 12. Return on Total Assets 13. Return on Stockholder's Equity 14. Return on Common Stock 15. Earnings per share on Common Stock 16. Price-earnings ratio 17. Dividends per share of Common Stock 18. Dividend Yield