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Alex73 [517]
3 years ago
12

Hardy Company has current assets of $95,000, current liabilities of $100,000, long-term assets of $180,000 and long-term liabili

ties of $80,000. Hardy Company's working capital and its current ratio are: A. -$5,000 and .95:1. B. $5,000 and .95:1. C. -$5,000 and 1.95:1. D. $85,000 and .95:1.
Business
1 answer:
icang [17]3 years ago
7 0

Answer:

A. -$5,000 and .95:1

Explanation:

Working capital = Current Assets - Current Liabilities

Provided current assets = $95,000

Current Liabilities = $100,000

Working capital = $95,000 - $100,000 = - $5,000

Current Ratio = \frac{Current \: Assets}{Current\: Liabilities}

Therefore, Current Ratio = \frac{95,000}{100,000} = 0.95:1

Here working capital is negative $5,000

Current Ratio = 0.95 : 1

Final Answer

A. -$5,000 and .95:1

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2 years ago
Which of these is an essential characteristic of a command economy
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Answer:

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3 years ago
The marginal principle of retained earnings means that each potential project to be financed by retained earnings must:
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Answer:

The correct answer is D

Explanation:

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3 years ago
Why would a party with numerous issues agree to focus on the single issue of inflation?
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5 0
2 years ago
You are evaluating shares in Honeywell International (HON). They currently pay an annual dividend of $4.00 per share this year a
xxTIMURxx [149]

Answer:

$84

Explanation:

Calculation for what is the value of HON shares

Using this formula

Value of HON shares=(Expected dividend next year)/(Discount rate -Growth rate of dividend)

Let plug in the formula

Value of HON shares= 4(1+.05)/(.10-.05)

Value of HON shares= (4.2/ .05)

Value of HON shares= $84

Therefore the Value of HON shares will be $84

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