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drek231 [11]
3 years ago
12

Windswept, Inc. 2017 Income Statement ($ in millions)

Business
1 answer:
elena-14-01-66 [18.8K]3 years ago
3 0

Answer:

Quick Ratio - 2017 = 0.8619 rounded off to 0.86

Explanation:

The quick ratio which is also known as the acid test ratio is a measure to assess the liquidity position of a company. The liquidity condition means the ability of a company to pay off its short term obligations using its short term or current assets. The quick ratio measures the ability of a company to pay off these obligations using the company's most liquid assets and that is why we exclude the value of inventory when calculating the quick ratio.

The formula for quick ratio is,

Quick Ratio = (Current assets - Inventory) / Current Liabilities

Quick Ratio - 2017 = (3035 - 1755) / 1485

Quick Ratio - 2017 = 0.8619 rounded off to 0.86

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on december 31 of last year, wolfson corporation had in inventory 450 units of its product, which costs $22 per unit to produce.
11Alexandr11 [23.1K]

Answer:

$18,650

Explanation:

FIFO means first in, first out. It means its the oldest inventory that are sold first .

If the company sold 800 inventory, the 800 would be taken from the beginning inventory which is a total of 450 and the remaining 350 would be taken from the inventory produced in January.

Cost of goods sold

450×$22 = $9,900

350 ×$25= $8,750

$9,900 + $8,750 = $18,650

I hope my answer helps you

8 0
3 years ago
According to lewin's change model, the _____ stage involves providing employees with new information, new behavioral models, or
Sati [7]

<span>The answer to this question is unfreezing stage. Unfreezing stage is the stage of preparing the people to move and leaving the comfort zones. In this stage, in order for the unfreezing stage to become successful, the managers or leaders should command employees to embrace change end educate the people that change is needed to reach the company’s goal.</span>

3 0
3 years ago
Drag the tiles to the boxes to form correct pairs.
Katyanochek1 [597]

Answer:

The customer returned the shirt, because the athlete’s team number was incorrect - Purchasing Department

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Explanation:

Got right on plato

4 0
3 years ago
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elixir [45]

Answer:

see below

Explanation:

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Examples of assets that Pedro can use as collateral include.

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Why are businesses in monopolistic competition interdependent
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Answer:

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