Answer:
Current ratio for 2022: 0.311
Current ratio for 2021: 0.231
Explanation:
The current ratio is a liquidity ratio that indicates a company's ability to pay its current liabilities when they come due. The current ratio is calculated by the following formula:
Current Ratio = Total Current Assets/Total Current Liabilities
In Bob Evans Farms:
Current ratio for 2022 = $80,200/$257,500 = 0.311
Current ratio for 2021 = $71,809/$311,100 = 0.231
Answer:
The requirement of the question is below:
Post the transactions to T accounts. (Post entries in the order displayed in the problem statement.)
The postings of the transactions to t accounts are found in the attached
Explanation:
In doing the post , I have observed strictly the rule of double that the giving account be credited and the receiving account be debited.
Also,this could be done understanding that assets ,expenses and drawings should be debited when they increase and the reverse when there is reduction.
Besides, liabilities,capital and income should be credited when they increase and the reverse for the opposite.
Check the highlighted balances as well and note that the balances are named after the side with balance brought down.
Answer: Transportation Inventory
Explanation: Transportation or transit inventory is a type of inventory that accounts for goods a company has paid for but is yet to be delivered to their warehouse.
The company described in the question is involved in transit inventory and ensures to keep reserves of products they sell, in case their goods are not delivered before the time their customers need them.
Answer:
Ethik
Explanation:
Ethik has highest level of sales at the beginning of simulation. The company Ethik has well established brand name and customers buys its products even if they are expensive as the main vision of the company is not to compromise on the quality of product.
