Answer:
a) Current Ratio = 0.99
b) Quick Ratio = 0.96
c)
The Current Ratio is a liquidity measure that shows the ratio between current asset and current debt obligations. It tells how many dollars of current asset are per dollar of current debts, that gives an idea of the company`s ability to perform its debts.
The Quick Ratio is also a liquidity indicator that measures the capacity of a company, using its most liquid assets, to pay its current debt at maturity. The inventory, although it is a current asset, is not considered, since it cannot be converted into cash in a very short term.
The difference between the Quick Ratio and the Current Ratio, implies that while both are measures of the company's ability to pay its debts, the quick ratio also tells how much the company depends on its inventory to get that objective.
In Apple´s and Hewlett-Packard´s case we can say that Apple is better covert, but not for too much, because of their current ratio. And, because of its quick ratio, Apple doesn't depend on its inventory as much as Hewlett-Packard.
Explanation:
APPLE´S CURRENT RATIO:
Current Ratio = Current Asset / Current Liabilities
Current Ratio = 76.36 / 76.41
Current Ratio = 0.99
APPLE´S QUICK RATIO:
Quick Ratio = (Current Assets – Inventories) / Current Liabilities
Quick Ratio = (76.36 – 2.45) / 76.41
Quick Ratio = 0.96
Answer:
Enterprise resource planning is an integrated system that collects and processes data and manages and coordinates resources, information, and functions throughout an organization.
Answer:
long-term changes in the economy
Explanation:
My daughter took the test and made 100
Answer:
Production budget = 76, 000 units
Explanation:
<em>The sales budget is adjusted for the projected opening and closing inventories unit to arrive at the production budget: </em>
The production budget can be determined using the formula below
Production budget = Sales budget + closing inventory- opening inventory
Production budget = 67,000 + 15,000 - 6,000
= 76000
Production budget = 76, 000 units
Photosynthesis and respiration
