Principles Of Accounting
12th Edition
ISBN: 9781285637877
Author: NEEDLES
Publisher: Cengage
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Rebecca Corp. has a current ratio of 4.8 and an acid-test ratio of 4.3. The company's current assets consist of cash, marketable securities, accounts receivable, and inventories. Inventory equals $18,000. Rebecca Corp.'s current liabilities must be: a) $24,000 b) $36,000 c) $90,000 d) $120,000
General Accounting
The amount of gross profit that would be reported.
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- If 2019 is the base year, what is the percentage increase in the cost of goods sold from 2019 to 2022?arrow_forwardVampire Co. reports total sales of $610,000. Variable costs are 58% of sales, and fixed costs are $135,000. What is the contribution margin ratio?(a) 42% (b) 46% (c) 40% (d) 44% (e) 48%arrow_forwardI need guidance with this general accounting problem using the right accounting principles.arrow_forward
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