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
aleksandr82 [10.1K]
3 years ago
11

Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9,150 C

ost of goods sold 7,510 Depreciation 440 Earnings before interest and taxes $ 1,200 Interest paid 94 Taxable income $ 1,106 Taxes 387 Net income $ 719 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 180 $ 210 Accounts payable $ 1,170 $ 1,260 Accounts rec. 900 800 Long-term debt 1,050 1,250 Inventory 1,660 1,620 Common stock 3,240 3,100 Total $ 2,740 $ 2,630 Retained earnings 590 840 Net fixed assets 3,310 3,820 Total assets $ 6,050 $ 6,450 Total liab. What is the quick ratio for 2017?
Business
1 answer:
QveST [7]3 years ago
3 0

Answer:

The quick ratio can be worked out as below;

Explanation:

Quick ratio=Current Assets excluding inventory stocks/Current liabilities

Current Assets=210+800

Current liabilities=$1,260

Quick Ratio =($210+4800)/$1,260

Quick Ratio=1.25

You might be interested in
Knowledge Check 01 Addison Corporation is considering the purchase of equipment that would increase sales revenues by $250,000 p
Flauer [41]

Answer:

C. 25.5%

Explanation:

Net operating cashflow = (250,000 - 100,000) = 150,000; This is a recurring cashflow; the PMT

Cost of equipment; the PV = 400,000

Next, calculate the rate of return  using Net operating cashflow per year and the equipment cost. You can do this with a financial calculator;

N =5

PMT = 150,000

FV = 0

PV = -400,000

then CPT I/Y = 25.41%

Therefore the return is closest to 25.5%

8 0
3 years ago
Can someone please help me
Naddik [55]

<u>Answer:</u> Option C

<u>Explanation:</u>

The internal source in an organisation are the colleagues where numerous ideas can be generated through brain storming. Colleagues provide innovative ideas which also gives them the opportunity to do creative thinking. This also a quick way of generating the ideas and approaches. High performing employees have more knowledge on approaches.

Peak bodies, associations and other organisations are the external source for generating ideas. They do not form a part of the organisation. Generating ideas from external sources is a time consuming process.

6 0
3 years ago
Xanadu Industries manufactures and sells the same calipers as Utopia Industries. Employee wages account for 35 percent of the co
san4es73 [151]

Answer: E) Many people who work for manufacturing plants live in areas in which the manufacturing plant is the only source of employment.

Explanation:

The scenario that'll make the labor union accept Richard's suggestion to lower the wages is when many people who work for manufacturing plants live in areas in which the manufacturing plant is the only source of employment.

The reduction in wages by Xanadu Industries wouldn't bring about loss.of workers as the manufacturing plant is the only industry in the area. Another way the company can reduce cost is through the reduction in its raw materials cost. If the employees aren't satisfied due to the reduction in wages, they can look for employment at Utopia Industry.

Therefore, the correct option is E.

7 0
3 years ago
A number of studies examining the number of elderly adults with major ncd are not in agreement. explain at least three possible
s2008m [1.1K]
1. Many form of NCDs appear without obvious symtoms, making people who actually had it may not realize that they had it.
2. In elderly, the number of NCDS may be hidden behind so many other complications, and will mess up the number.
3. Many forms of NCD in elderly caused sudden death before it   recorded.
5 0
3 years ago
Choose the indicator that is not relevant in identifying a company's present strategy Select one: A. management's planned, proac
BigorU [14]

Answer:

The correct answer is the option E: moves to respond and react to changing conditions in the macro-environment and in industry and competitive conditions.

Explanation:

To begin with, when it comes to know and develop the business strategy from a company the most important factors to have in mind are all the key functional strategies, the mission, strategic objectives and financial objectives. As well as the strategic role that the companies who have an alliance with the company have. The management's plan to outcome the rivals is also super important. And finally the moves to respond to changing conditions in the macro-environment are very important things to have in mind but when it comes to describe one's strategy in the business that is not fundamental due to the fact that those moves will appear eventually when the occasion arises, so that is why that is answer.

5 0
4 years ago
Other questions:
  • All About Animals has two product​ lines: Cat food and Dog food. Contribution margin income statement data for the most recent y
    13·1 answer
  • Chris gilbert, 1966-68, was the first person in college football history, and the only ut player, to rush for more than 1000 yar
    5·1 answer
  • A nation has a GDP of 685m. It has a growth rate of 4%. How long will it take the nations GDP to double?
    5·1 answer
  • An industrial tool manufacturer relies on a particular distributor network. This distributor network has the largest online outl
    15·1 answer
  • The cost of energy consumed in producing good units in the Bottling Department of Mountain Springs Water Company was $36,850 for
    11·1 answer
  • Q 6.26: Howard Incorporated is determining ending inventory. In the inventory process, Howard inadvertently miscategorized a $6,
    11·1 answer
  • The CEO of a major automaker overheard one of its division managers make the following statement regarding the rm's production p
    5·1 answer
  • Barnes and Miller Manufacturing is trying to determine the equivalent units for conversion costs with 10,000 units of ending wor
    10·1 answer
  • What is the purpose of Journals in the accounting cycle?
    10·1 answer
  • Using the standard 28/36 guidelines, what is the maximum mortgage payment allowed for someone with an annual salary of $60,750?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!