The current ratio is 2.5:1. Current assets are $ 50,000 and current liabilities are $ 20,000. How much must be the decline in the current assets to bring the ratio to 2:1.
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The
are $ 20,000. How much must be the decline in the current assets to bring the
ratio to 2:1.
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- If current assets are $112,000 and current liabilities are $56,000, what is the current ratio? A. 200 percent B. 50 percent C. 2.0 D. $50,000Given that the current ratio is 2:1 and the assets and liabilities are $20,000 and 510,000 respectively. Now If an amount of $20,000 is added to assets and liabilities equally, which one is correct below? Oa. No Change in Current Ratio b.Increase in the current ratio C. Decrease in current ratio d. The current ratio will double.If current assets are $112,000 and current liabilities are $56,000, what is the current ratio?
- The following information is available from the annualreport of Frixell, Inc.: Currentliabilities . . . . $300,000Operatingincome . . . . . 240,000Net income . . . . 80,000 Currentassets . . . . $ 480,000Average totalassets . . . . 2,000,000Average totalequity . . . . 800,000Which of the following statements are correct? (More thanone statement may be correct.)a. The return on equity exceeds the return on assets.b. The current ratio is 0.625 to 1.Total assets are $12.0 million, with $4.0 million being long-term assets. Current liabilitiesare $2.5 million and total liabilities are $6.5 million. The current ratio would be closest to:a. 1.6.b. 1.8.c. 3.2.d. 4.8.Ace Industries has current assets equal to $3 million. The company's current ratio is 1.5, and its quick ratio is 1.1. What is the firm's level of current liabilities? What is the firm's level of inventories? Do not round intermediate calculations. Round your answers to the nearest dollar. Current liabilities: $ Inventories: $
- If Current Assets are $103,000, Property and Equipment is $130,000, Current Liabilities are $61,000, and Long-Term Liabilities are $105,000, the current ratio isA company has a current ratio of 5:1 if the company has ₱200,000 current assets, how much is the current liabilities?Calculate the current ratio in each of the following separate cases. 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
- Given an acid-test ratio of 2.0, current assets of Ph5,000 and inventory of Ph2,000, the value of current liabilities is a. Ph1,500 b. Ph 2,500 c. Ph 3,500 d. Ph6,000The total current asset is 45%, total liability is 60%,Toatal equity is ₱300,000. How much is the total noncurrent assets? Show solutions.Ace Industries has current assets equal to $4 million. The company's current ratio is 2.0, and its quick ratio is 1.7. What is the firm's level of current liabilities? What is the firm's level of inventories? Do not round intermediate calculations. Round your answers to the nearest dollar. Current Liabilities $ Inventory $
