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
A company has several internal-only, web-based applications on the internal network. Remote employees are allowed to connect to
aalyn [17]

Answer:

The changes to BEST counter the threat presented in this scenario is  Implement NAC to check for updated anti-malware signatures and location-based rules for PCs connecting to the internal network.

Explanation:

Implementing Network access Control NAC to check for updated anti-malware signatures and location-based rules for PCs connecting to the internal network.Network Access Control (NAC) is the best reedy that will not alter the existing work schedule in place.

This approach to computer security will unify endpoint security technology such as antivirus, host intrusion prevention, and vulnerability assessment for all users and foster stronger system authentication.

NAC will reinforce and strengthen the network security in order to prevent internal server issues from any contractor or employee henceforth.

7 0
2 years ago
Faye works as an administrator and receptionist for Garage Door Store. The store withholds federal taxes from Faye's pay, and co
anastassius [24]

Answer:

c. ​an employee and agent.

Explanation:

Based on the information provided within the question it can be said that with respect to sales at those locations homer is both an employee and agent. This is because he works for a company, therefore making him an employee. But at the same time he is authorized to act on behalf of Garage Door therefore making him an agent.

4 0
3 years ago
I=5 ia called........ language​
Vaselesa [24]
??????????????? What is the Question?
8 0
3 years ago
Which of the following is a characteristic of a well diversified portfolio?
Bogdan [553]

Answer:

c. very little unsystematic risk.

Explanation:

The first option is wrong because a diversified portfolio can only lockout unsystematic risk which is due to a particular business sector and not the risk emanating from the whole market which is systematic in nature.

The second option is also wrong because systematic risk cannot be diversified away.

8 0
3 years ago
"Moccasin Company manufactures cotton shirts. 12,000 shirts are produced during the first week of July. The unit quantity standa
steposvetlana [31]

Answer:

<em>The answer is 72,000 Meters.</em>

Explanation:

From the question given, let us recall:

Moccasin Company produces cotton shirts.  =12,000

The unit quantity standard = 6 meters

The  quantity used actually was   = 0.50 meters per shirt

The next step is to determine  the quantity of cloth that should be used for the actual output of 12,000 shirts.

Quantity of cloth that should be used

= 12,000 * 6 meters cloth per shirt

= 72,000 Meters

5 0
3 years ago
Other questions:
  • For Warren Corporation, year-end plan assets were $2,000,000. At the beginning of the year, plan assets were $1,780,000. During
    13·1 answer
  • Which methods of paying for college do not require repayment? Check all that apply.
    5·2 answers
  • Based on current dividend yields and expected capital gains, the expected rates of return on portfolios A and B are 9.1% and 12.
    8·1 answer
  • Suppose that new computer software for accounting and analysis at a business has a useful life of only one year and costs $200,0
    6·1 answer
  • A subsidiary ledger:
    11·1 answer
  • You expect to receive a payout from a trust fund in 3 years. The payout will be for $10,200. You plan to invest the money at an
    8·1 answer
  • What are wholesalers​
    13·2 answers
  • You’ve been invited to help a foreign affiliate of your company set next year’s prices. Inflation last year was 5%, the unemploy
    10·1 answer
  • A firm's sustainable growth rate represents the:
    7·1 answer
  • You gave some clothes for. dry cleaning. Your suit was spoiled you went to the dry cleaner and made the compliant .
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!