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
Congress passed the Sarbanes-Oxley Act to
fiasKO [112]
To… help protect investors from fraudulent financial reporting by corporations
8 0
2 years ago
Ryan Lock had planned his trip to the Olympic Games in Rio de​ Janeiro, Brazil, for many months. He had ​budgeted-saved-$15 comm
WITCHER [35]

Answer:

He should have exchanged the dollars for real in January 2016 to maximize his Brazilian spending​. The exchange rate in January will result to highest Real (BRL) of R$<em>59,463.00</em>

Explanation:

To arrive at R$ equivalent of $15,000 on monthly basis, since  BRL=1.00 USD, multiply R$ exchange rate each month by $15,000.

For January,  3.9642*15,000= R$59,463.00

     February  3.8402*15,000= $57,603.00, etc.

Solution  

S/N Month      BRL=1.00 USD          BRL Equivalent(R$)

1 January              3.9642              59,463.00

2 February            3.8402               57,603.00

3 March                 3.6086               54,129.00

4 April                    3.6851                55,276.50

5 May                     3.5843               53,764.50

6 June                    3.5493               53,239.50

7 July                      3.2331               48,496.50

8 Aug-08                3.2312               48,468.00

8 0
3 years ago
Which of the following three factors affects an employee's motivation
kvasek [131]

Answer:

There are three major components of motivation which are (i) direction, (ii) intensity, and (iii) and persistency (Fig 1). Direction is a goal which forces the employees to perform an act to achieve the targets.

Explanation:

make sure to follow me and mark me as the brainliest

3 0
3 years ago
"stooge enterprises manufactures ceiling fans that normally sell for? $90 each. there are 300 defective fans in? inventory, whic
Oliga [24]

<span>We know that Profit = Earnings  - Cost</span>

Case 1: Sold as is

Profit = (300 fans* $20/fan) - (300 fans* $55/fan)

Profit = - $10, 500 (deficit)

 

Case 2: Processed further then sell

Profit = (300 fans* $90/fan) – [(300 fans* $55/fan) + (300 fans* $40/fan)]

Profit = - $1, 500 (deficit)

 

<span>Since Case 2 has lower deficit, then it is better to process the fans further then sell to normal selling price.</span>

4 0
3 years ago
PLEASR HELP ME!! <br> *40 points*
maksim [4K]

Answer: The minimum wage should be raised to 15$ an hour because some students have trouble building stable plans for their future,they need as much help as they can get and aa raise would be a small but effective change.

6 0
3 years ago
Other questions:
  • Over a long period of time Sears has slipped from being America's largest retailer to struggling for survival in recent years. W
    15·1 answer
  • When a manager is told to maximize the revenues from the sales of goods and services produced, this is an example of a(n) ______
    12·1 answer
  • Which of the following statements is true? A) Corporate mission is shaped by functional strategies. B) Corporate strategy is sha
    13·1 answer
  • 2021 2020 Income Statement Information Sales revenue $ 8,400,000 $ 7,900,000 Cost of goods sold 5,535,600 5,400,000 Net income 3
    9·1 answer
  • Acquired $60,000 cash from the issue of common stock. Received an $8,200 cash advance for services to be provided in the future.
    15·1 answer
  • The marginal rate of transformation of x for y represents:__________
    13·1 answer
  • Margot starts a new business and contributes $20,000 in cash; she also borrows $25,000 from her local bank. She utilizes the cas
    5·1 answer
  • 1. Which country hosted the Last FIFA World Cup?​
    6·1 answer
  • Alicia Tax Services paid $690 to settle an account payable. Which of the following general journal entries will Alicia Tax Servi
    9·1 answer
  • fields company has two manufacturing departments, forming and painting. the company uses the weighted average method and it repo
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!