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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

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Free-rein Leadership

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3 years ago
What effect will firms entering have on the market​ price? When firms enter ​, A. the marginal cost of production will decrease
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b

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3 0
2 years ago
CII, Inc., invests $630,000 in a project expected to earn a 12% annual rate of return. The earnings will be reinvested in the pr
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$1,956,684

Explanation:

As the project has a expected annual return, we have to calculate future value of this investment to find how much money Cll, Inc. will have after 10 years to reinvest.

We know,

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Answer:

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Marginal cost equals marginal return when the supply and demand is linear. Consumer surplus is the additional amount that a consumer is willing to pay for the goods and services. Here MC = 2Q and MR = 60 + 4Q. Here consumer is paying 2Q additional in the equation of marginal return.

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