Help please XYZ CompanyBalance SheetAssetsCash$15,000 Notes$25,000Inventory $41,000Wages$56,000Property $114,000EquityStock$50,000Investment $39,000Total Assets: Total Liabilities + Equity:2003-2022 International Academy of Science. All Rights Reserved.HLiabilitiesaDUsing the balance sheetprovided, what is thedecimal value for the quickratio?quick ratio = [?]Round to the nearest tenth.Enter

Name: Help please XYZ CompanyBalance SheetAssetsCash$15,000 Notes$25,000Inve
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Description: Help please XYZ CompanyBalance SheetAssetsCash$15,000 Notes$25,000Inventory $41,000Wages$56,000Property $114,000EquityStock$50,000Investment $39,000Total Assets: Total Liabilities + Equity:2003-2022 International Academy of Science. All Rights Reserv

Ratio analysis is a tool that establishes a relationship between the different items. It is used to…

Business

Accounting

XYZ Company Balance Sheet Assets Liabilities Cash $15,000 Notes $25,000 Inventory $41,000 Wages $56,000 Property $114,000 Equity Stock $50,000 Investment $39,000 Total Assets: Total Liabilities + Equity: Using the balance sheet provided, what is the decimal value for the quick ratio? quick ratio = [?] Round to the nearest tenth.

XYZ Company Balance Sheet Assets Liabilities Cash $15,000 Notes $25,000 Inventory $41,000 Wages $56,000 Property $114,000 Equity Stock $50,000 Investment $39,000 Total Assets: Total Liabilities + Equity: Using the balance sheet provided, what is the decimal value for the quick ratio? quick ratio = [?] Round to the nearest tenth.

Corporate Financial Accounting

15th Edition

ISBN:9781337398169

Author:Carl Warren, Jeff Jones

Publisher:Carl Warren, Jeff Jones

Chapter14: Financial Statement Analysis

Section: Chapter Questions

Problem 14.6EX: a. (1) Current year working capital. 1,090,000 Current position analysis The following data were...

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a. (1) Current year working capital. 1,090,000 Current position analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash 391,000 300,000 Marketable securities 515,000 354,000 Accounts and notes receivable (net) 634,000 426,000 Inventories 368,000 222,000 Prepaid expenses 182,000 138,000 Total current assets 2,090,000 1,440,000 Current liabilities: Accounts and notes payable (short-term) 725,000 600,000 Accrued liabilities 275,000 300,000 Total current liabilities 1,000,000 900,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. b. What conclusions can be drawn from these data as to the companys ability to meet its currently maturing debts?
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