Question 2The following financial data have been taken from muscat Company:Not yetansweredMarked out of2.00Accounts payable155,000Bonds payable, due in 6 years10,000Account receivable110,000Marketable securities250,000P Flag questionCash80,000Notes payable, short-term89,000Inventory140,000Prepaid expenses15,000Building20,000Common stock120,000What is the current ratio?Select one:O a. 2.67O b. None of the answers are correctO C. 2.02O d. 2.43O e. 1.95

Name: Question 2The following financial data have been taken from muscat Co
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Description: Question 2The following financial data have been taken from muscat Company:Not yetansweredMarked out of2.00Accounts payable155,000Bonds payable, due in 6 years10,000Account receivable110,000Marketable securities250,000P Flag questionCash80,000Notes

Current ratio is a liquidity ratio that is used to assess a company's short-term liquidity position…

Business

Finance

The following financial data have been taken from muscat Company: Accounts payable 155,000 Bonds payable, due in 6 years 10,000 Account receivable 110,000 Marketable securities 250,000 Cash 80,000 Notes payable, short-term 89,000 Inventory 140,000 Prepaid expenses 15,000 Building 20,000 Common stock 120,000 What is the current ratio? Select one: O a. 2.67 O b. None of the answers are correct О с. 2.02 O d. 2.43 О е. 1.95

The following financial data have been taken from muscat Company: Accounts payable 155,000 Bonds payable, due in 6 years 10,000 Account receivable 110,000 Marketable securities 250,000 Cash 80,000 Notes payable, short-term 89,000 Inventory 140,000 Prepaid expenses 15,000 Building 20,000 Common stock 120,000 What is the current ratio? Select one: O a. 2.67 O b. None of the answers are correct О с. 2.02 O d. 2.43 О е. 1.95

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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B Company provided the balance sheet below: Accounts Cash 225 150 payable Accounts receivable 600 Accruals 250 Inventory 475 Notes payable 425 Current Current assets 1,300 825 liabilities Net fixed assets 1,000 Long-term debt 625 Common equity 325 Retained 525 earnings Total liab. & Total assets 2,300 2300 equity Compute for the Acid-test ratio. (2 decimal places)
Falcon Corporation originally has current assets of $400 and current liabilities of $275. It purchases $108 of inventory with short-term accounts payable. What is its new current ratio? (Round to two decimal places.) O 1.45 None of these is correct. O 1.69 O 1.33
Data pertaining to the current position of Forte Company follow: Cash $440,000 Marketable securities 175,000 Accounts and notes receivable (net) 335,000 Inventories 700,000 Prepaid expenses 44,000 Accounts payable 180,000 Notes payable (short-term) 230,000 Accrued expenses 290,000 Required: 1. Compute (A) the working capital, (B) the current ratio, and (C) the quick ratio. Round ratios to one decimal place. 2. Compute the working capital, the current ratio, and the quick ratio after each of the following transactions and record the results in the appropriate columns of the table provided. Consider each transaction separately and assume that only that transaction affects the data given. Round ratios to one decimal place. A. Sold marketable securities at no gain or loss, $80,000. B. Paid accounts payable, $120,000. C. Purchased goods on account, $130,000. D. Paid notes payable, $105,000. E. Declared a cash dividend, $140,000. F. Declared a…
Using the data below compute the Current Ratio and Quick Ratio Show your solutions Razor Company has provided the following accounts: Cash P300,000 Accounts Payable 700,000 Interest Payable 600,000 Rent Payable 200,000 Utilities Payable 100,000 Accrued Expenses 3,600,000 Notes Payable ( 6% 3-year) 1,500,000 Bonds Payable (8% 5-year) Accounts Receivable Inventories Marketable Securities Prepaid Expense Property, Plant, and Equipment Notes Receivable (8% 4-year) • Previous P250,000 40,000 70,000 80,000 60,000 1,400,000 2,100,000
Calculate Quick Ratio: AKA the Acid Test
The following data concern Tech Corporation for the 2022 financial year. Credit sales during the year $2 400 000 Accounts receivable 30 June 2022 410 000 Allowance for bad debts 30 June 2022 55 000 Bad debt expense for the year 70 000 What amount will Tech Corporation show on its year-end balance sheet for the net realisable value of its accounts receivable? a. 410 000 b. $285 000 c. $340 000 d. $ 355 000
The following data apply to the next six problems. Consider Fisher & Company's financial data as follows (unit: millions of dollars except ratio figures):Cash and marketable securities $100Fixed assets $280Sales $1,200Net income $358Inventory $180Current ratio 3.2Average collection period 45 daysAverage common equity $500 Calculate the amount of the long-term debt.(a) $134 (b) $500(c) $74 (d) $208
Cotuit Company has a current ratio of 3.2 and an acid-test ratio of 2.4. The company's current assets consist of cash, marketable securities, accounts receivable and inventory. The company's inventory is $40,000. What is the company's current liabilities? a. $40,000 b. $120,000 c. $50,000 d. $32,000
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