Calculate the current ratio in each of the following separate cases.
Q: Note Current assets (R327 500) include accounts receivable of R168 000, inventories of R75 000 and…
A: Inventory turnover ratio shows how many times inventory is sold in the particular period. Acid test…
Q: The following information is given: 100.000 150.000 Current liabilities Non-Current liabilities…
A: Formula: Total liabilities = Current liabilities + Non current liabilities
Q: A company has current assets of $92,000 (of which $37,000 is inventory and prepaid items) and…
A: The liquidity ratio indicates the ability of the business entity to pay out its current debt. It…
Q: Determine the missing amount Assets Liabilities Equity…
A: Formula for accounting equation: Assets = Liabilities + owners equity + Revenues - Expenses.
Q: 1. If current assets amounted to P600,000 and current liabilities amounted to P200,000, what is the…
A: Introduction: Current ratio: Division of current liabilities with current Assets derives the current…
Q: Calculate the current ratio using the following information:
A: Ratio analysis: The ratio helps to make a comparison of two variables. It indicates the relationship…
Q: Calculating ROA Using the Dupont Financial System. The following Accounts are included in Marks…
A:
Q: Using the following facts to calculate the Current Ratio, and the Debt Ratio: Ending Total Assets =…
A: The ratio analysis helps to analyze the financial statements of the business on the basis of various…
Q: Calculate the missing value (in $) according to the accounting equation. Assets Liabilities Owner's…
A: Accounting equation formulae is Assets = liabilities +owners equity
Q: Compute the missing amounts in the following table. Assets Liabilities + Owners' Equity %3D a.…
A: Assets = Liabilities + Owners' Equity Owners' Equity = Assets - Liabilities Liabilities = Assets -…
Q: Based on the following data, what is the quick ratio, rounded to one decimal place? Accounts payable…
A: Quick ratio measures the entity's capacity to pay off its current obligations using quick assets.
Q: Given that the current ratio is 2:1 and the assets and liabilities are $20,000 and 510,000…
A: Solution:- Current ratio shows the liquidity of an entity. It is the ratio of current assets to…
Q: Working Capital and Current Ratio Current assets and current liabilities for Konex Properties…
A: Working capital is the capital required to run a day-to-day business activity. Working capital is…
Q: Based on the following information, compute the (1) current ratio and (2) working capital. (Round…
A: Current ratio = Current assets / Current liabilities Working capital = Current assets - Current…
Q: Calculate the current ratio in each of the following separate cases. Current Assets Current…
A: The current ratio is calculated as current assets divided by current liabilities.
Q: 1. If current assets amounted to P600,000 and current liabilities amounted to P200,000, what is the…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: Presented below is information available for Bestfit Company. Current Assets Inventories $110,000…
A: The ratio analysis helps to analyse the financial statements of the business.
Q: Given: • Assets - P5,350,000 • Liabilities - P250,000 • Owner's equity - P5,100,000 • Income -…
A: Normal Balance of accounts: Assets Debit Liabilities Credit Owners' equity Credit…
Q: CHECK FOR UNDERSTANDING Prenare an Income Statement and a Statement of Comprehensive Incom following…
A: Income statement is one of the financial statement which shows all incomes and all expenses and at…
Q: Total assets are $12.0 million, with $4.0 million being long-term assets. Current liabilitiesare…
A: Current ratio = Current assets / Current liabilities
Q: compute for the total amount of items that meet the definition of financial asse
A: Financial assets refer to those liquid assets of the company on which company have ownership right…
Q: Determine the missing amount from each of the separate situations given below Assets Liabilities…
A: According to accounting equation, assets equal to sum of liabilities and equity.
Q: Calculate the current ratio. fill in the blank 1 2. Calculate the quick ratio (acid-test ratio).…
A: The calculation of Current Ratio and Quick Ratio ( Acid - test Ratio) is shown hereunder : Given,…
Q: Use the following data to calculate the current ratio. Wildhorse Co. Balance Sheet December 31,…
A: Current ratio: Current ratio is one of the liquidity ratios, which measures the capacity of the…
Q: Using the data given below, compute for the total amount of items that meet the definition of…
A: Financial Assets means: Cash Investment in Equity instruments Right to receive cash or any…
Q: If equity is $310,000 and liabilities are $193,000, then assets equal: Multiple Cholce $117,000.…
A: Equity = $310000 Liabilities = $193000
Q: Assume that a company has current assets of R60 000, current liabilities of R5 000 and prepaid…
A: The quick ratio is an important indicator of the liquidity ratio. It explains the liquidity position…
Q: BALANCE SHEET Liabilities Amt Assets Amt Accounts payable 5,000 Machine and equipment 15,000…
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: liquid asset $6,80,000, Inventories $1,90,000 , prepaid expenses $10,000, working assets $2,00,000.…
A: Current ratio is the ratio between current assets and current liabilities. Quick Ratio is the ratio…
Q: Determine the missing amount from each of the seperate situations given below. Assets =…
A: Accounting Equation The source document is the origin of a transaction & it initiates the…
Q: BSO, Inc. has current assets of $1,000,000 and current liabilities of $500,000, resulting in a…
A: b.
Q: Compute Current Ratio from the following data. Current Assets- $700,000 Total Assets -$1,150,000…
A: The current ratio measures capabilities of the company to meet-out short-term obligations or not. it…
Q: Please calculate the ratios related to North Star Maritime Company: North Star Maritime Company has…
A: Current Ratio is a liquidity measure. It shows efficiency of an entity in management of working…
Q: Based on the following information, compute the (1) current ratio and (2) working capital. (Round…
A: Ratio analysis involves evaluation of various financial aspects of business such as liquidity,…
Q: e compan
A: Given: To calculate the company's quick ratio is shown as,
Q: Billy Bob’s Towing and Repair Service has provided the following financial information. Determine…
A: Computation of current assets is as follows: Computation of current liability is as follows:
Q: Determine the missing amount from each of the separate situations given below. Assets Liabilities…
A: Solution: Basic accounting equation, also named as balance sheet equation, represents the…
Q: On Sept. 1, 2018, the business assets and liabilities of Garfield and Betty are as follows: Garfield…
A: Partnership is a form of business organization owned by two or more individuals in a predefined…
Q: Determine the missing amount for each of the following: Assets = Liabilities + Owner's equity…
A: The basic accounting equation of the company is: Assets = Liabilities + Equity
Q: Using the data below compute the Current Ratio and Quick Ratio Show your solutions Razor Company has…
A: Ratio analysis is one of the important decision making tool used in management accounting. Under…
Q: Determine the total expenses based on the following data; ASSETS RM72,000 CAPITAL RM70,000 REVENUES…
A: The accounting equation refers to the equation of the balance sheet. It is based on the method of…
Q: Based on the following information, compute the (1) current ratio and (2) working capital. (Round…
A: Current ratio = Current assets/Current liabilities Working capital= Current assets - Current…
Q: XYM has interest expense of $168, total revenues of $38,000, costs of goods sold $18,000,…
A: Given, Debt Equity ratio = 0.625 Total debt = $ 6800 Debt Equity ratio = 0.625 = Total debt /…
Q: The following summarised statement of financial position is available for L Co. $'000 $'000…
A: Acid Test Ratio = Current Assets - InventoryCurrent Liabilities
Q: Given (all accounts are in their respective normal balances): • Asset - P3,500,000 • Liabilities -…
A: A debit balance is an account balance in which the left side of the account has a positive amount.…
Calculate the
Current Assets Current Liabilities
Case 1 $ 75,000 $ 30,000
Case 2 $161,500 $ 85,000
Case 3 $ 45,000 $ 53,000
Case 4 $132,000 $127,000
Case 5 $ 99,000 $110,000
Trending now
This is a popular solution!
Learn your way
Includes step-by-step video
Step by step
Solved in 4 steps
- Based on the following data, what is the quick ratio (rounded to one decimal point)? Accounts payable $ 30,000 Accounts receivable 60,000 Accrued liabilities 5,000 Cash 30,000 Intangible assets 50,000 Inventory 69,000 Long-term investments 80,000 Long-term liabilities 100,000 Marketable securities 30,000 Fixed assets 670,000 Prepaid expenses 1,000 a. 3.4 b. 1.8 c. 3.0 d. 2.2Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $ 30,000 Accounts receivable 60,000 Accrued liabilities 4,000 Cash 60,000 Fixed assets 670,000 Intangible assets 50,000 Inventory 69,000 Long-term investments 80,000 Long-term liabilities 100,000 Prepaid expenses 1,000 Temporary investments 50,000 a.6.5 b.5.0 c.7.1 d.1.3Based on the following data, what is the current ratio, rounded to one decimal point? Based on the following data, what is the current ratio, rounded to one decimal point? Accounts payable $30,000 Accounts receivable 60,000 Accrued liabilities 5,000 Cash 40,000 Intangible assets 50,000 Inventory 69,000 Long-term investments 80,000 Long-term liabilities 100,000 Marketable securities 30,000 Fixed assets 670,000 Prepaid expenses 1,000
- Calculating the Current Ratio and the Quick (or Acid-Test) Ratio Hannah Company has current assets equal to $3,800,000. Of these, $1,200,000 is cash, $1,800,000 is accounts receivable, $500,000 is inventory, and the remainder is marketable securities. Current liabilities total $1,942,000. Required: Note: Round answers to two decimal places. 1. Calculate the current ratio. 2. Calculate the quick ratio (acid-test ratio).Determine the missing amount Assets Liabilities Equity Revenues Expenses 150,000 75,000 ? 15,000 10,000 115,000 25,000 65,000 ? 76,000Based on the following information, compute the (1) current ratio and (2) working capital. (Round current ratio to 1 decimal place, e.g. 52.5.) Current assets $144,320 Total assets 738,000 Current liabilities 65,600 Total liabilities 410,000 (1) Current ratio enter ratio rounded to 1 decimal place : 1 (2) Working capital $enter a dollar amount
- Using the following facts to calculate the Current Ratio, and the Debt Ratio: Ending Total Assets = $705,000; Ending Total Liabilities = $360,000; Ending Current Assets = $295,000; and Long Term Liabilities = $210,000Selected data for the Rubio Company follow:Current assets.............. $ 31,200 Current liabilities ............ $ 26,000Long-term assets ......... 185,000 Long-term liabilities........ 110,000Total revenues............. 199,000 Total expenses................. 160,000Based on these facts, what are Rubio’s current ratio and debt ratio?Current ratio Debt ratioa. 1.200 0.629b. 1.590 0.629c. 8.315 0.833d. 1.244 0.236The comparative balance sheet of Navaria Inc. for December 31, 20Y3 and 20Y2, is shown as follows: 1 Dec. 31, 20Y3 Dec. 31, 20Y2 2 Assets 3 Cash $155,000.00 $150,000.00 4 Accounts receivable (net) 450,000.00 400,000.00 5 Inventories 770,000.00 750,000.00 6 Investments 0.00 100,000.00 7 Land 500,000.00 0.00 8 Equipment 1,400,000.00 1,200,000.00 9 Accumulated depreciation-equipment (600,000.00) (500,000.00) 10 Total assets $2,675,000.00 $2,100,000.00 11 Liabilities and Stockholders’ Equity 12 Accounts payable $340,000.00 $300,000.00 13 Accrued expenses payable 45,000.00 50,000.00 14 Dividends payable 30,000.00 25,000.00 15 Common stock, $4 par 700,000.00 600,000.00 16 Paid-in capital: Excess of issue price over par—common stock 200,000.00 175,000.00 17 Retained earnings 1,360,000.00 950,000.00 18…
- The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is as follows: 1 Dec. 31, 20Y3 Dec. 31, 20Y2 2 Assets 3 Cash $155,000.00 $150,000.00 4 Accounts receivable (net) 450,000.00 400,000.00 5 Inventories 770,000.00 750,000.00 6 Investments 0.00 100,000.00 7 Land 500,000.00 0.00 8 Equipment 1,400,000.00 1,200,000.00 9 Accumulated depreciation-equipment (600,000.00) (500,000.00) 10 Total assets $2,675,000.00 $2,100,000.00 11 Liabilities and Stockholders’ Equity 12 Accounts payable (merchandise creditors) $340,000.00 $300,000.00 13 Accrued expenses payable (operating expenses) 45,000.00 50,000.00 14 Dividends payable 30,000.00 25,000.00 15 Common stock, $4 par 700,000.00 600,000.00 16 Paid-in capital: Excess of issue price over par—common stock 200,000.00 175,000.00 17 Retained…The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is as follows: 1 Dec. 31, 20Y3 Dec. 31, 20Y2 2 Assets 3 Cash $155,000.00 $150,000.00 4 Accounts receivable (net) 450,000.00 400,000.00 5 Inventories 770,000.00 750,000.00 6 Investments 0.00 100,000.00 7 Land 500,000.00 0.00 8 Equipment 1,400,000.00 1,200,000.00 9 Accumulated depreciation-equipment (600,000.00) (500,000.00) 10 Total assets $2,675,000.00 $2,100,000.00 11 Liabilities and Stockholders’ Equity 12 Accounts payable (merchandise creditors) $340,000.00 $300,000.00 13 Accrued expenses payable (operating expenses) 45,000.00 50,000.00 14 Dividends payable 30,000.00 25,000.00 15 Common stock, $4 par 700,000.00 600,000.00 16 Paid-in capital in excess of par—common stock 200,000.00 175,000.00 17 Retained earnings 1,360,000.00…Determine the missing amount for each of the following: Assets = Liabilities + Owner's equity a. x = $556,000 + $3,374,000 b. $6,111,200 = x + $5,725,000 c. $2,150,000 = $812,500 + x