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
enyata [817]
2 years ago
8

Walker Telecommunications has a quick ratio of 2.00x, $35,550 in cash, $19,750 in accounts receivable, some inventory, total cur

rent assets of $79,000, and total current liabilities of $27,650. The company reported annual cost of goods sold of $200,000 in the most recent annual report.
Required:
a. Over the past year, how often did Walker Telecommunications sell and replace its inventory?
O 9.28x
O 8.01x
O 8.44x
O 2.86x
Business
1 answer:
Oduvanchick [21]2 years ago
8 0

Answer:

Option C: 8.44 times

Explanation:

Quick ratio(also called as acid test ratio) is the indicator of a company's liquidity position at a very short period which only considers the most liquid assets and ignores Inventory & other assets which cannot be realised immediately.

As we know that Quick Ratio = [Current Assets - Inventory - Prepaid Assets] / Current Liabilities

2.00 = $79,000 - Inventory - 0] / $27,650

=> Inventory = $23,700‬

Inventory turnover ratio gives us the number of times the company sells and replaces its inventory during the period.

Annual Sales = $200,000

Inventory Turnover Ratio = Sales / Average Inventory

=> $200,000 / $23,700 => 8.44 times

You might be interested in
If the Ford Focus is the cost​ object, classify each of the following costs as indirect or​ direct, respectively: property taxes
SSSSS [86.1K]

Answer: B

Explanation: Engines for the cars is a cost directly related to the Ford cars being produced. The property taxes and the janitors rates are indirect costs because they are general costs needed to run the business but are not directly linked to the production of the ford cars

8 0
3 years ago
Which of the following are benefits of international trade?
AURORKA [14]

Answer:

Please find the detailed answer as follows:

Explanation:

International trade provides many benefits:

1. Technology differences, some countries are capital intensive and some are labor intensive. So the countries produce the good according to their intensivity. And export and import take place which is beneficial for the countries.

2.differentiated products.

When trade take place between the countries, then all the opportunity to consume different products. And countries produce their goods according to their labor and capital ratio and produce different variety of goods.

3.Specialisation in production

Countries specialise in the goods in which they have a comparative advantage.

3 0
3 years ago
Schumpeterian growth focuses on:______. a. capital formation (i.e., more physical capital) as central to economic growth.b. argu
timurjin [86]

Answer:

Option D The role of technological innovation and entrepreneurs as central to economic growth.

Explanation:

The reason is that these generate value of the country's product due to its uniqueness and preferable services provision which means that the exports of the product will grow and the domestic sales will also grow if the product is innovative. Innovations brings the demand because nowadays the fight is not on the borders the fight among countries is generating heavy amount of reserves through increase in exports. And this growth in economy is only possible if the country's products are produced efficiently on the international market which is only possible if the innovation has decreased the cost of producing the products or the products produced are efficient.

3 0
2 years ago
Suppose Dina is an avid reader and buys only comic books. Dina deposits $3,000 in a bank account that pays an annual nominal int
Tomtit [17]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Dina deposits $3,000 in a bank account that pays an annual nominal interest rate of 10%. The comic book is priced at $15.00.

We don't have the number of years on the investment. But we can figure out an answer.

With $3000 she can buy:

Number of comics= 3000/15= 200 comics.

Using the following formula we can calculate the amount of money that she will have at the end of several years.

FV= PV*(1+i)^n

For example:

1 year

FV= 3000*1.10^1= $3300

Comics= 3300/15= 220 comics

5 years:

FV= 3000*1.10^5= $5,315

Comics= 5315/15= 354 comics

8 0
3 years ago
WILL MARK BRAINLIEST
Mnenie [13.5K]

Answer:

Fixed assets

Explanation:

4 0
3 years ago
Other questions:
  • Ready Company has two operating (production) departments: Assembly and Painting. Assembly has 150 employees and occupies 44,000
    11·1 answer
  • Salon Products recently introduced a new all-natural shampoo. Logan, director of new product development, has just reviewed the
    11·1 answer
  • The equilibrium price of a guidebook is $35 in the perfectly competitive guidebook industry. Our firm produces 10,000 guidebooks
    15·1 answer
  • The following information is provided for a company. Accounts payable $ 15,000 Buildings 80,000 Cash 10,500 Accounts receivable
    6·1 answer
  • Auto pistons at Wemming​ Chung's plant in Shanghai are produced in a forging​ process, and the diameter is a critical factor tha
    7·1 answer
  • The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale
    7·1 answer
  • Sarah, the cofounder of a start-up company that sells sports goods, prepares a mission/purpose statement for the company. In the
    7·1 answer
  • Which of the following BEST describes business strategy? a strategy that assists first-line managers in making day-to-day decisi
    9·1 answer
  • Blossom Leasing Company agrees to lease equipment to Blue Corporation on January 1, 2020. The following information relates to t
    9·1 answer
  • Firms often consolidate industries through horizontal mergers and acquisitions to?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!