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3 years ago

A company reported the following in its recent balance sheet:

Business

1 answer:

ycow [4]3 years ago

3 0

Answer:

Current Ratio = 186,748 / 36,169 = 5.16

Explanation:

The Balance Sheet is as it follows:

1. ASSET

1.1. CURRENT ASSET – 186,748

1.1.1. Cash 73,514

1.1.2. Accounts receivable 81,526

1.1.3. Inventories 26,006

1.1.4. Supplies 5,702

1.2. LONG-TERM ASSET

1.2.1. Property and equipment 156,028

TOTAL ASSET: 242,776

2. LIABILITIES

2.1. CURRENT LIABILITIES – 36,169

2.1.1. Accounts payable 19,397

2.1.2. Income tax payable 3,702

2.1.3. Wages payable 13,070

2.2. LONG-TERM LIABILITIES

2.2.1. Long-term liabilities 1,899

3. STOCKHOLDERS´EQUITY

3.1.1. Stockholders' Equity 204,708

TOTAL L + SE: 242,776

Current Ratio = Current Asset (CA) / Current Liabilities (CL)

Current Ratio = 186,748 / 36,169 = 5.16

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3 years ago

A the production possibilities frontier (PPF) is bowed outward as a result of:_________

vodomira [7]

Answer: 2) increasing opportunity costs.

Explanation:

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3 years ago

Wood Dreams makes hand crafted furniture in its retail stores. The furniture maker has recently installed a new assembly process

Sophie [7]

Answer: 204.76%

Explanation:

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$= \frac{42}{8\times5}$

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Thus, the productivity of non defective parts would increase by 204.76%.

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3 years ago

F a taxpayer offers you a $20 bill because they were so happy about the quality service they received, what would be the appropr

BlackZzzverrR [31]

The appropriate action would be: C. <span>Thank the taxpayer, and explain that you cannot accept any payment for your services.
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They could on the other hand, receives Gifts that held the value less than $ 20</span>

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3 years ago

Read 2 more answers

Compute the continuously compounded interest rate for 228 days where the ACT/365 interest rate is 2.92%. Give your answer to fou

Nikitich [7]

Answer:

The answer is 1.8407.

Explanation:

To calculate interest rate for 228 days we will first calculate daily rate and than put value in compounding rate formula.

Daily interest rate = 2.92%/365 = 0.008 %

Interest rate 228 = (1+I%)^n -1

Interest rate 228 = (1+0.008%)^228-1 = 1.8407%

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3 years ago