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kari74 [83]
2 years ago
6

Jen's has current assets of $2,200, cash of $400, and inventory of $1,300. The firm has accounts payable of $300, long-term debt

of $3,100, and accrued wages and taxes of $400. What is the quick ratio?
Mathematics
1 answer:
klasskru [66]2 years ago
6 0

Answer:

1.29

Step-by-step explanation:

Data provided in the question:

Current assets = $2,200

cash = $400

Inventory = $1,300

Accounts payable = $300

long-term debt = $3,100

Accrued wages and taxes = $400

Now,

Quick ratio = [ Current assets - Inventory ] ÷ [ Current liabilities  ]

also,

Current liabilities  = Accounts payable + Accrued wages and taxes

= $300 + $400

= $700

or

Quick ratio = [ $2,200 - $1,300 ] ÷ $700

or

Quick ratio = $900  ÷ $700

= 1.29

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8 0
2 years ago
According to a survey of college students, the use of social media varies widely according to age. Based on the survey, what is
Yanka [14]

Answer:

C. 65

Step-by-step explanation:

The table which shows the results of the survey are attached below.

From the table:

  • Total Number of non-social media users = 71
  • Number of non-social media user aged 28 and up = 46

Therefore, the probability that a non-social media user is an older student aged 28 and up

=\dfrac{\text{ Number of non-social media user aged 28 and up}}{\text{ Total Number of non-social media users}}\\\\=\dfrac{46}{71} \times 100\\\\=64.7\\\\\approx 65\%

The probability that a non-social media user is an older student aged 28 and up is 65%.

<u>The correct option is C. </u>

4 0
3 years ago
3х - 2y = 14<br> 5х + бу =42 <br> What’s this on a graph?
Gelneren [198K]

Answer:

Step-by-step explanation:

9x - 6y = 42

5x + 6y = 42

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x = 6

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6y = 12

y = 2

(6, 2)

8 0
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