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
Morgarella [4.7K]
3 years ago
7

Cash 30,000 Accounts receivable 65,000 Inventory 72,000 Marketable securities 36,000 Prepaid expenses 2,000 Intangible assets 40

,000 Property, plant, and equipment 625,000 Long-term investments 110,000 Accounts payable $ 40,000 Accrued liabilities 7,000 Notes payable (short-term) 30,000 Long-term liabilities 75,000 Based on the data for Harding Company, what is the current ratio, rounded to one decimal point?
Business
1 answer:
lyudmila [28]3 years ago
5 0

Answer:

2.7 times

Explanation:

The computation of the current ratio is shown below:

Current ratio = Current assets ÷ Current liabilities

where,

Current assets = Cash + account receivable + inventory + marketable securities  + prepaid expense

= $30,000 + $65,000 + $72,000 + $36,000 + $2,000

= $205,000

And, the current liabilities is

- Account payable + accrued liabilities + short term note payable

= $40,000 + $7,000 + $30,000

= $77,000

So, the current ratio is

= $205,000 ÷ $77,000

= 2.7 times

You might be interested in
Which of the following is not one of the factors required to charge for online content?
nikitadnepr [17]
I think the correct answer from the choices listed above is option B. A focused market would not be one of the factors that is <span>required to charge for online content. Since the market is already available and is always there. Hope this answers the question. Have a nice day.</span>
3 0
4 years ago
What is the real advantage to a franchise? They already have all of their signs and menus prepared. When a company is able to of
11111nata11111 [884]

Answer:  When a company is able to offer a good product and enjoy strong customer demand, a franchise owner not only is able to take advantage of the corporate identity but its strong customer base, as well.

A franchise is a kind of a license which allows the party who acquires it (franchisor) access to an business' (franchisor's) proprietary knowledge and processes  in order to sell products or provide services under the franchisor's name.

A franchisee associates itself with a well proven business model and gains access to the franchisor's customer base. Additionally, the franchisor provides  assistance by training the franchisee and his personnel to provide a uniform product or service experience to customers across all the stores.

All these factors help in eliminating business risk and this constitutes a real advantage to a franchise.

6 0
3 years ago
Read 2 more answers
What financial behaviors will typically lead to a low credit score?
levacccp [35]
The behavior that will typically lead to low credit score is <span>A. Maxed out credit cards
When people maxed out their credit cards, the credit card company will most likely to make additional charges before the balance is paid out. Maxed out credt cards would be interpreted as having uncontrollable consuming behavior and will result in low-credit card score.</span>
5 0
3 years ago
Which of the following mortgages would you prefer to hold if you were a lender and you expected inflation of uncertain magnitude
Elodia [21]

Answer: Option C

                             

Explanation: An adjustable mortgage (ARM) is a borrowing form in which the rate of interest charged to the remaining balance varies all across the loan's lifetime. The new interest rate is set for an amount of time with an adjustable-rate mortgage, after which it resets regularly, often quarterly or even monthly.

The mortgage can be given at the normal variable rate/base rate of the lender. There may be a clear and statutorily defined relation to the applicable index, but if the creditor does not provide a specific link to the underlying market or index, the rate may be adjusted at the option of the lender.

8 0
3 years ago
One of the roles of the United States Government is to provide security to its citizens.
Dmitriy789 [7]

Answer:

Military

Explanation:

7 0
3 years ago
Other questions:
  • Jim deposits $6,000 into a money market account interest at an annual rate of 5.5% compounded continuously.
    13·1 answer
  • The production budget shows expected unit sales are 100,000. the required production units are 104,000. what are the beginning a
    7·2 answers
  • Consider the labor market for computer programmers. During the late 1990s, the value of the marginal product of all computer pro
    15·1 answer
  • Which reason is most important for performing an inventory and making photographs of equipment?
    6·1 answer
  • The type of planning that is concerned with developing detailed short-term actions about the allocation of resources and what is
    12·1 answer
  • Suppose that a politician tells you about a plan to create two expensive but necessary programs to build more production facilit
    7·1 answer
  • Sandy Bank, Inc., makes one model of wooden canoe. and, the information for it follows: Number of canoes produced and sold 450 6
    7·2 answers
  • A back office service structure is most similar to
    5·1 answer
  • During December, the production department of a process operations system completed and transferred to finished goods a total of
    5·1 answer
  • Consider a firm with a contract to sell an asset for $151,000 four years from now. The asset costs $87,000 to produce today. a.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!