Please provide this question solution general accounting Skaxo has cash of $62, accounts receivable of $148,accounts payable of $230, inventory of $301, long-term debtof $856, and no short-term debt.What is the value of the quick ratio?

Solution= quick assets / current liabilities= (cash + accounts receivable) / accounts payable= ($62…

Answered: Skaxo has cash of $62, accounts…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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GRX, Inc. has a current ratio of 4:1. Which of the following transactions wouldnormally increase its current ratio? a. Purchasing inventory on account b. Purchasing machinery for cashc. Selling inventory on accountd. Collecting on account receivable
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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…
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Compute the Quick ratio if Current Assets: 11.436; Current Liabilities: 5.414; Inventory: 4.456; Cash: 2.024.
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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.
Need answer the accounting question
You are given the following information: Cash=$407, inventory= $579, Notes payable=$301, Long-term debt=$1,680, Accounts payable=$393, Accounts Receivable=$265, Net fixed Assets=$6,141 and total shareholder equity =???. Build a balance sheet and solve for and include shareholder's equity. a. what is the company's quick ratio? b. what is the company's total debt to equity ratio? c. what is the company's total working capital?

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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?