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
Minchanka [31]
3 years ago
13

Selected financial data regarding current assets and current liabilities for a company, a competitor in the cruise line industry

, is provided: ($ in millions) Current assets: Cash and cash equivalents $ 307 Current investments 82 Net receivables 218 Inventory 122 Other current assets 138 Total current assets $ 867 Current liabilities: Accounts payable $ 1,165 Short-term debt 709 Other current liabilities 904 Total current liabilities $ 2,778 Required: 1. Calculate the current ratio and the acid-test ratio for the company. (Enter your answers in millions, not in dollars. For example, $5,500,000 should be entered as 5.5.)
Business
1 answer:
Arte-miy333 [17]3 years ago
7 0

Answer:

0.31; 0.27

Explanation:

Given that,

Total current assets = $867

Inventory = $22

Total current liabilities = $2,778

Current ratio:

= Current assets ÷ Current liabilities

= $867 ÷ $ 2,778

= 0.31

Acid test ratio:

= (Current assets - Inventory) ÷ Current liabilities

= ($867 - $122) ÷ $ 2,778

= $745 ÷ $2,778

= 0.27

Therefore, the current ratio and acid test ratio are 0.31 and 0.27, respectively.

You might be interested in
Auto company engineers want technical terms such as limited slip differential used in car ads. ad execs, on the other hand, don'
sp2606 [1]

The cause of their disagreement is "Language".

Language can be a hindrance when distinctive words and expressions mean diverse things to various gatherings of people. For this situation, it is likely the designers think the specialized terms add importance to the advertisements, while the promotion individuals surmise that they are scary and confounding. The majority of this focuses to the possibility that Language is the correspondence hindrance here– similar words mean distinctive things to various people– making "Language" the right reaction. Feeling squares data when solid emotions mutilate the impression of the beneficiary. Particular discernment is the one-sided view of actualities with respect to a collector. Sexual orientation mutilates correspondence when guys and females neglect to value each other's perspective.

5 0
4 years ago
Could the price elasticity of supply for a particular good differ between the short-run and the long-run? Explain with an exampl
dimaraw [331]

For produced goods, supply is typically more elastic over the long term compared to the short term because it is generally believed that over the long term, all production factors can be used to increase supply, whereas over the short term, only labor can be increased and even then, changes may be prohibitively expensive.

Because consumers don't have time to look for alternatives, demand is typically more price inelastic in the short term. Consumers eventually grow more aware of their options. The responsiveness of demand to a change in price is measured by price elasticity of demand. Electricity demand's price elasticity is higher over the long term and lower over the short term.

To learn more about long term, click here..

brainly.com/question/7787473

#SPJ4

6 0
1 year ago
During her interview at Masters International, Johanna was asked several questions inquiring about her past job performance, suc
Alexxx [7]
<h2>Johanna participated in a <u>behavioral-description </u>interview</h2>

Explanation:

Organization believes that if an employee can control is emotions and behave properly he / she is likely to work for more number of year in the company.

So in this situation, the interviewer tried to check the behavioral-description technique of handling various types of customers in her previous experience so that based on the reply, he consider the applicant.

There are some favorite questions of interviewer based on this technique are listed below:

  • How do you handle stress?
  • How do you face challenges?
  • Have you ever committed mistake?
8 0
3 years ago
Read 2 more answers
A difference between the static budget and the flexible budget is called the ________. a. total variance. b. volume variance. c.
Sphinxa [80]

Answer:

b. volume variance.

Explanation:

Volume variance can be defined as the difference between the static budget and the flexible budget.

It mainly occurs as a result of the difference between the actual volume and the budgeted volume derived from the static budget.

5 0
4 years ago
What is your favorite place to eat even tho no one can go anywhere
Bond [772]

Answer:

Golden Corral

Explanation:

because they have a chocolate fountain! lol. Also just because I like the food!

8 0
3 years ago
Other questions:
  • Why would technical analysis to forecast future exchange rates be ineffective if all parity conditions prevailed? the only predi
    12·1 answer
  • Heavy Metal Corporation is expected to generate the following free cash flows over the next five years.
    11·1 answer
  • Leh Inc. recently borrowed $275,000 from its bank at a simple interest rate of 9 percent. The loan is for nine months and, accor
    11·1 answer
  • Name the four factors that affect population growth.
    10·1 answer
  • In advertising, puffery refers to ________. Group of answer choices broadcasting a straightforward promotional message including
    15·1 answer
  • Your grandmother tells you a dollar doesn't go as far as it used to. She says the " purchasing power" of a dollar is much less t
    11·1 answer
  • A moderately-priced jewelry store is trying to differentiate itself from other jewelry stores. The store prices products somewha
    10·1 answer
  • Picture yourself as a member of the administration team of a 253-bed healthcare facility. The community where the facility is lo
    10·1 answer
  • The U.S. Supreme Court hears cases that involve A. Tort cases B. Criminal cases C. Civil cases D. Constitutional cases​
    9·1 answer
  • Recognizing something as a revenue instead of as a liability has a positive effect on the reported financial statements because:
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!