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
Volgvan
3 years ago
7

The fiscal 2016 balance sheet for Whole Foods Market reports the following data (in millions). Cash and Cash Equivalents Marketa

ble Securities Accounts Receivable Merchandise Inventories Current Assets Current Liabilities $351 $379 $242 $517 $1,975 $1,341 What is the company's current ratio? A. 0.69 B. 1.38 C. 0.72 D. 1.47 E. None of the above
Business
2 answers:
sweet-ann [11.9K]3 years ago
6 0

Answer:

D. 1.47

Explanation:

The data are limped and should be separated first as follows:

Cash and Cash Equivalents = $351

Marketable Securities = $379

Accounts Receivable = $242

Merchandise Inventories = $517

Current Assets = $1,975

Current Liabilities = $1,341

To calculate the company's current ratio w divide the current assets by current liabilities as follow:

Current ratio = $1,975/$1,341 = 1.47

Therefore, the company's current ratio 1.47. And since it greater than 1, it implies the company will not have problems meeting its short-term debt obligation.

Lilit [14]3 years ago
3 0

Answer:

Option C 0.72 is correct

Explanation:

Cash and cash equivalents 351

Marketable securities         379

Accounts receivable         242

Total quick assets                 972

Divide by Current liabilities 1341

Quick ratio                         0.72

You might be interested in
A company completes 21,000 units this month and has ending goods in process inventory of 3,000 units which are estimated to be 4
Artyom0805 [142]

Answer: $36,000

Explanation:

First calculate the Equivalent Units of Production;

= 21,000 + (3,000 * 40%)

= 21,000 + 1,200

= 22,200 units

Then find the cost of each units.

= Total production cost/ Equivalent units of production

= 666,000/22,200

= $30 per unit

Then the cost of ending Goods in Process Inventory is:

= Equivalent ending process inventory units * cost per unit

= 1,200 * 30

= $36,000

6 0
3 years ago
When economists talk about the "standard of living," they are generally referring to:?
zimovet [89]
<span>The economists are usually referring to people that is the performance of baby boomers and older employees in general prior to their retirement years and also the level of overall well-being enjoyed by an economy. 0 the amount of savings and skill an economy has achieved. On the level of government involvement in the economy's production of goods and services. 0 the amount of money that an economy has formed to spend.</span>
8 0
3 years ago
Your store has average sales of $1,680 per day. Its shrinkage rate is 3%. What will its losses be for an entire year?
Lerok [7]

Answer:

$18,396

Explanation:

Average sales of the store per day = $1,680

Number of days in a year = 365

Total sales in a year = $1,680  x 365 = $6132,200

Shrinkage rate = 3%

Losses for an entire year = 0.03 x $6132,200 = $18,396

6 0
2 years ago
A homeowner from State A hired a contractor from State B to build a vacation home for her in State C. The parties signed the con
Katen [24]

Answer:

The Home owner commenced the action in a state A court ( C )

Explanation:

The Defendant ( the contractor)  can decide to transfer the case from a state court to a federal court within the same state in which the case was filled by the The home owner  if the federal court has the Jurisdiction to rule on the case

Since the contract was signed in state A under the laws of the state the case is definitely a state case and the Homeowner's move to remand the case to a state court with the argument that the Federal court lacks proper Jurisdiction is in order. The court decision on the matter will be based on the fact that the Homeowner commenced the action in a state A court where the contract was signed.

6 0
3 years ago
A company is considering opening a new product line. The building being considered will have a monthly lease and utility payment
abruzzese [7]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the total fixed costs:</u>

Total fixed costs= 3,500 + (120*2*15)

Total fixed costs= $7100

<u>Now, using the following formula, we can determine the break-even point in units:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 7,100 / (100 - 40)

Break-even point in units= 118.33 = 119 units

<u>Finally, the number of units to earn $10,000 in profit:</u>

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (7,100 + 10,000) / 60

Break-even point in units= 285

4 0
3 years ago
Other questions:
  • True or False
    5·1 answer
  • Suppose that the government decides to charge cola consumers an excise tax. Before the tax, the market is in equilibrium, where
    9·1 answer
  • The supply schedule shows the relationship between
    15·1 answer
  • Mike and David signed a loan agreement together to borrow money for a boat. If David leaves town and cannot be found, what happe
    10·2 answers
  • Please find below scenario to answer the questions given in below:
    14·1 answer
  • The subject matter expert in an e-learning learning program is one who pays the project bills, coordinates activities of writers
    13·1 answer
  • Riley Inc.'s charter authorizes 1,000 shares of stock at a stated value of $10 per share. Riley issues 50 shares of stock at its
    7·1 answer
  • Liam is a computer system analyst and is looking to change to a company that offers more opportunities for advancement. He has j
    11·2 answers
  • According to ethical guidelines, at the end of a study participants must be fully informed as to the purpose of the study and gi
    14·1 answer
  • What are the four instruments of exchange
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!