Which of the following formulas correctly calculates the current ratio for 2023? Hint: Remember that Excel uses the order of operations. PARENTHESES then EXPONENTS then MULTIPLICATION and DIVISION then ADDITION and SUBTRACTION. Use parentheses around any calculations in either the numerator or denominator. Multiple Choice: =+B13+B14+B15/B19 =+(B13+B14+B15)/B19 =+(B13+B14)/B19 =+(B13+B14+B15)/(B19+B20) 12344Net salesA56 Gross marginCost of goods sold7 Operating expenses8 Net income910111213 Cash14 Accounts receivable, net15 Merchandise inventory16 Plant assets, net17 Total assets1819 Current liabilities20 Long-term liabilities21 Common stock22 Retained earnings23 Total liabilities and equity24DComparative Income StatementsFor Years Ended December 31, 2023-202020222021$284,000$247,000254,000161,00030,00086,000B2023$318,000143,000175.000114,000$61,000C2023$56,00089,00036,000130,000$311,000$43,000100,00030,000138,000$311,00014,000$16,000Comparative Balance SheetsFor Years Ended December 31, 2023-202020222021$4,000$30,00080,00069,00089,00040,000120,000100,000$293,000$239,00039,000$47,000$76,000110,00030,00077,000$293,000$48,000100,00030,00061,000$239,000E2020$174,000149,00025,00011,000$14,0002020$18,00049,00052,00090,000$209,000$45,000120,00030,00014,000$209,000

Ratio Analysis -The ratio is the technique used by the prospective investor or an individual or…

Which of the following formulas correctly calculates the current ratio for 2023? Hint: Remember that Excel uses the order of operations. PARENTHESES then EXPONENTS then MULTIPLICATION and DIVISION then ADDITION and SUBTRACTION. Use parentheses around any calculations in either the numerator or denominator. Multiple Choice: =+B13+B14+B15/B19 =+(B13+B14+B15)/B19 =+(B13+B14)/B19 =+(B13+B14+B15)/(B19+B20)

Which of the following formulas correctly calculates the current ratio for 2023? Hint: Remember that Excel uses the order of operations. PARENTHESES then EXPONENTS then MULTIPLICATION and DIVISION then ADDITION and SUBTRACTION. Use parentheses around any calculations in either the numerator or denominator. Multiple Choice: =+B13+B14+B15/B19 =+(B13+B14+B15)/B19 =+(B13+B14)/B19 =+(B13+B14+B15)/(B19+B20)

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.7P

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