Tressler Dry Cleaners has an inventory of $1,700, accounts payable of $4,200, cash of $1,950, and accounts receivable of $3,680. What is the cash ratio? a. 0.24 b. 0.46 c. 0.53 d. 0.98 e. 1.34
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- 1. a. The quick ratio is 0.09, cash is $10,000 and accounts receivable are $25,000. Accounts payable are $40,000, and accrued payroll is $15,000. What is the amount in the inventory account?use the following ratio to complete the statement of financial position. other details are seen in the attached photo.What is the receivable turnover ratio?
- Need Help with this Question pleaseTanger Company has three customers: E, F, and G. The beginning accounts receivable subsidiary ledger of customers F and G have $2,600 and $1,500, respectively. The beginning Accounts Receivable balance in the general ledger is $12,000. Calculate the ending amount in the accounts receivable subsidiary ledger account of customer E, if customer E also made a $3,900 payment. OA. $4,000 OB. $3,900 OC. $1,500 OD. $2,600The balance in Accounts Receivable at the beginning of the period amounted to $2,880. During the period $9,440 of credit sales were made to customers balance in Accounts Receivable amounted to $1,880, and uncollectible accounts expense amounted to $800, then the amount of cash inflow from customers appear in the operating activities section of the cash flow statement would be Multiple Choice $9.640 $9,440 $12.120 Nore of these answers are correct b
- please provide answerRaven Company had the following account balances Sales Revenue, $100,000; Sales Returns and Allowances, $2,400; Sales Discounts, 2,400; and Bad Debts, $400. Given these balances, the amount of net sales is a.$95,600 b.$95,200 c.$100,000 d.$98,000I need to calculate the horizontal and vertical analysis for the following image that is attached.
- A company has cash sales of $75,000, credit sales of $320,000, sales returns and allowances of $13,700, and sales discounts of $6,000. Its net sales equal a. $395,000. c. $300,300. e. $414,700. b. $375,300. d. $339,700.Answer this general accounting questionEspinoza Air Conditioning & Heating had the following select financial data as of June 30, 2018. What is Espinoza’s cash ratio? a. 0.34 b. 0.65 c. 0.78 d. 1.54