1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
geniusboy [140]
2 years ago
5

What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds? Do not round intermediate ca

lculations. Round your answer to two decimal places.
Mathematics
1 answer:
Marysya12 [62]2 years ago
5 0

Based on the short-term debt that Nelson raises, the firm's quick ratio will be 1.204.

<h3>What is the firm's quick ratio?</h3><h3 />

First, find the maximum amount of short-term funds that Nelson can raise?

Assuming this amount is x, we can find it with the current ratio formula:

Current ratio = Current assets / Current liabilities

2 = (1,260,000 + x) / ( 450,000 + x)

x = $360,000

The quick ratio would therefore be:

= ( New Current assets - New inventory) / New current liabilities

= ( (1,260,000 + 360,000) - (285,000 + 360,000) ) / (450,000 + 360,000)

= 1.204

Find out more on quick ratio at brainly.com/question/13917900.

#SPJ1

You might be interested in
Solve 9x-7y=-7 i don't know how to do it so could you show me step by step please
Lesechka [4]

First of all, you need to know what a 'solution' is, so you'll know it
when you see it.

A 'solution' to an equation is a number, or a set of numbers, that
you can write in place of the variables (the letters), and when you
do that, the equation will have only numbers in it, and it'll be a true
statement.

Your equation has two variables in it ... 'x' and 'y' .  In order to find
just a single set of numbers for what both of them must be, you
would need two equations.

The way it stands now, with only one equation, there are actually
an infinite number of solutions.  Each solution is a pair of numbers ...
one for 'x' and one for 'y' ... and if you write them into the equation
in place of 'x' and 'y', then the equation is a true statement. 
I'll show you how to tell if a pair of numbers is a solution or not.

Here's what that looks like:

Say I give you two pairs of numbers, and I tell you that both of them
are solutions to your equation.  The 'solutions' I give you are

          x=0
          y=1
and
          x=2
          y=3 .

You don't trust me, and you say to me "Wait just a minute there, dude ! 
Not so fast.  I'll need to check them out and see if those are really solutions
to my equation."

You take the first pair and write it into your equation:
x=1, y=0
                                   9x  -  7y  = -7
                                  9(0) - 7(1) = -7
                                   0    -  7   = -7
                                           -7   = -7
OK.  That's a true statement.
So x=0, y=1 is a solution.

Now check the other one I gave you:
x=2, y=3
                                   9x  -  7y  = -7
                                  9(2) - 7(3) = -7
                                   18  -  21  = -7
                                        -3      = -7
This is NOT a true statement.
So  x=2, y=3 is NOT a solution to your equation.
I pulled a fast one on you.  If I was charging you money for solutions,
then you would not pay me for this one, because it's not a solution.

8 0
3 years ago
Can somebody plz answer all of them correct! (Only if u done this before)
swat32

Answer:

23) 53/100

24)2/5

25)3/5

26)11/50

27)17/50

28)19/1000

29)4/5

30)1/250

31)9/25

32)1 3/10

33)11 1/2

34) 7 3/40

Step-by-step explanation: Hope this helps!

7 0
3 years ago
There are 36 workers on a crew of electric kins and 29 of them came to work what percentage of them showed up for work
Ahat [919]
29/36 =0.805555556 = 81% if you need to round up 
4 0
3 years ago
The number of students who passed on the math exam was three-fourths of the total number of students who failed.
Alexxandr [17]

Answer:

one quarter of the total number of students will be those who failed their exam.

Step-by-step explanation:

Three - fourths = those who passed the exam

one quarter will be those who failed their exam

From the total number of the students.

Let's make an example

40 students who take the exam.

3 over 4 students from the total number of 40 take the exam and the result is passed and it mean 30 students passed in the exam.

1 over 4 students take the exam and the result is failed and it mean 10 students failed in the exam.

4 minus 3 over 4 will get the answer 1 over 4.

Use 1 over 4 to multiple with the total number of the students and that how you will get the answer for those who failed in their exam.

4 0
3 years ago
What is the answer and work to this problem. <br> 4x+2y=14<br> 2x+y=7
Nimfa-mama [501]

The given system of equation has no solution.

<u>Step-by-step explanation</u>:

<u><em>step 1</em></u><em> :</em>

The given equations are 4x + 2y = 14 and 2x + y = 7.

<u><em>step 2</em></u><em> :</em>

Let 4x + 2y = 14 be the first equation.

Let 2x + y = 7 be the second equation.

The solution (x,y) can be determined by solving the two equations, if only the given two equations are different.

<u><em>step 3</em></u><em> :</em>

In first equation taking 2 out as a common factor on both sides, the equation becomes:

2 (2x + y) = 2 (7)

So, the first equation resembles the second one.

<u><em>step 4</em></u><em> :</em>

Since both the equations are similar, they cannot be solved to get a solution. Therefore, the system of equation has no solution which is also known as inconsistent.

5 0
3 years ago
Other questions:
  • Chords AC and BD intersect at the center of circle ABCD. Which is the measure of the minor arc AB?
    7·2 answers
  • Simplify: 6(m+3n)-(7+4n)
    6·1 answer
  • -3x+3y&gt;15 solve for y​
    14·2 answers
  • What is less than 1/2
    12·1 answer
  • Which is a reasonable first step that can be used to solve the equation 4 x + 3 (x + 2) = 5 (2 x minus 3)?
    11·2 answers
  • Can someone write the standard form for this?
    5·1 answer
  • 2h + 2h and 4h<br> plsssss help
    6·2 answers
  • Please help me im to Dum. Please show all work.
    11·2 answers
  • A six-sided number cube is rolled, and then a spinner with 5 equal sections labeled A through E IS spun
    9·1 answer
  • Transpose for indicated variable
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!