Mystic Laboratories reported total assets of $11,200,000 and noncurrent assets of $1,480,000. Thecompany also reported a current ratio of 1.5. What amount of current liabilities did the company report?
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Mystic Laboratories reported total assets of $11,200,000 and noncurrent assets of $1,480,000. The
company also reported a
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- Mystic Laboratories reported total assets of $11,290,000 and noncurrent assets of $1,435,000. The company also reported a current ratio of 1.5. What amount of current liabilities did the company report?Nelson Ltd reported a total asset of $600,000, and a net profit of $90,000, while their current liabilities stood at $320,000 for 2021 financial period. If current assets are 40% of the total assets, what is the current ratio for Nelson Ltd? 0.75 1.88 0.53 1.33The year-end balance sheet of Star Inc. shows total assets of $6,617 million, operating assets of $5,253 million, operating liabilities of $2,822 million, and shareholders' equity of $2,950 million.The company's year-end net operating assets are: $9,39 million $5,253 million $2,431 million $8,075 million None of these are correct.
- ABC Corporation’s total quick assets were $1,318, its current assets were $4,331 and its current liabilities were $2,241. Calculate the acid-test ratio. Comment on ABC’s ability to meet its current obligations.a company has$120,000 in current assets, $550,000 in total assets, $90,000 in current liabilites and $110,000 in total liabilites. calculate the current ratio of the companyThe year-end balance sheet of Star Inc. shows total assets of $12,407 million, operating assets of $9,849 million, operating liabilities of $5,291 million, and shareholders’ equity of $5,532 million.The company's year-end net operating assets are: Select one: a. $9,849 million b. $17,698 million c. $15,140 million d. None of these are correct. e. $4,558 million
- SDJ, Inc., has net working capital of $1,175, current liabilities of $6,981, and inventory of $1,092. What is the current ratio?The following information was taken from Charu Company's balance sheet: Line Item Description Amount Fixed assets (net) $1,176,000 Long-term liabilities 280,000 Total liabilities 960,000 Total stockholders’ equity 320,000 Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity. If required, round your answers to one decimal place. Line Item Description Ratio a. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders' equitySelected 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 0.236
- The most recent income statement of Marble Resurfacing, Inc. reported net sales of $23,600, EBIT of $6,836, taxable income of $5,260 and net income of $4,470. The firm paid $1,368 in dividends. The balance sheet reported current assets of $5,860, net fixed assets of $19,600, current liabilities of $2,470, long-term debt of $8,800, common stock of $10,000 and retained earnings of $4,190. The profit margin, the debt-equity ratio, and the dividend payout ratio for Marble Resurfacing are constant. Sales are expected to increase by $3,400 next year. What is the projected addition to retained earnings for next year?The classified balance sheet for a company reported current assets of $1,688,830, total liabilities of $800,540, Common Stock of $1,010,000, and Retained Earnings of $131,260. The current ratio was 2.6 What is the total amount of noncurrent assets?Love Company has current assets of P400,000 including inventory of P160,000 and a quick ratio of 2:1. Based on available data, how much is the current liabilities?