7- XYZ Co. is a retail company and its selected financial statements items are given as following. Its Total Assets are42300 and 39300 respectively for the year 2020 and 2019. Its Total Current Assets are 20200 and 17700 respectivelyfor the year 2020 and 2019. Its Total Liabilities are 31500 and 29200 respectively for the year 2020 and 2019. Its TotalCurrent Liabilities are 21500 and 18800 respectively for the year 2020 and 2019. Inventory equals to 7500 and 6800respectively for the year 2020 and 2019. Cash and Cash Equivalents equals to 4000 and 3000 respectively for the year2020 and 2019. (All numbers are in dollars).What is cash ratio of XYZ Co. for the year 2020?a)19%b)29%39%49%

Cash ratio =Cash +marketable securities/Current laibilties Marketable securities are cash…

XYZ Co. is a retail company and its selected financial statements items are given as follo 42300 and 39300 respectively for the year 2020 and 2019. Its Total Current Assets are 2 for the year 2020 and 2019. Its Total Liabilities are 31500 and 29200 respectively for the Current Liabilities are 21500 and 18800 respectively for the year 2020 and 2019. Invent respectively for the year 2020 and 2019. Cash and Cash Equivalents equals to 4000 and 2020 and 2019. (All numbers are in dollars). What is cash ratio of XYZ Co. for the year 2020?

XYZ Co. is a retail company and its selected financial statements items are given as follo 42300 and 39300 respectively for the year 2020 and 2019. Its Total Current Assets are 2 for the year 2020 and 2019. Its Total Liabilities are 31500 and 29200 respectively for the Current Liabilities are 21500 and 18800 respectively for the year 2020 and 2019. Invent respectively for the year 2020 and 2019. Cash and Cash Equivalents equals to 4000 and 2020 and 2019. (All numbers are in dollars). What is cash ratio of XYZ Co. for the year 2020?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

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